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Title: Cima P2 Exam Questions


1
CIMA P2 - Advanced Management Accounting exam in
just 24 HOURS! 100 REAL EXAM QUESTIONS
ANSWERS CIMA P2 - Advanced Management
Accounting Buy Complete Questions Answers File
from http//www.certs4you.com/cima/p2-dumps.html
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Sample Questions
2
  • Question No 1
  • Which TWO of the following are examples of
    management information made possible by the
    availability of big data?
  • Customer profitability analysis to identify key
    strategic customers
  • Customer information harvested from social media
    to target products
  • Production cycle time analysis to improve
    production efficiency
  • Real-time inventory management information shared
    with producers to influence their production
    plans
  • A five-year history of a company's aged debtor
    list to assess the long-run effectiveness of
    credit control
  • Answer B, D Question No 2
  • Company D is about to launch an innovative and
    unique product which may face direct competition
    within three years. The company needs to achieve
    a rapid payback on all investments because it
    has limited access to external finance.
  • Which is the most appropriate pricing strategy
    for company D's new product, and for what
    reason?
  • Market skimming because it exploits areas of the
    market which are sensitive to price.
  • Penetration pricing because it can be used to
    rapidly build sales volume in mature markets.
  • Market skimming because it enables high prices to
    be charged to buyers who want the product as
    soon as possible.
  • Penetration pricing because it can be used to
    rapidly build sales volume in high growth
    markets.
  • Answer C Question No 3
  • Performance measures that monitor the extent to
    which a not-for-profit organization's objectives
    have been achieved are measures of
  • Economy
  • Efficiency
  • Effectiveness

3
  • Answer C Question No 4
  • An organization employs a dual pricing basis for
    the transfer of components between its
    divisions. This means that
  • Each division has a separate transfer price for a
    single transaction.
  • The transfer price is based on marginal cost with
    a separate charge to allow for fixed costs.
  • The transfer price is based on the cost of the
    product plus a mark-up for profit.
  • The transfer price is based on the market price
    less a discount.
  • Answer A Question No 5
  • For a complex and repetitive task, which of the
    following correctly describes a steep learning
    curve?
  • Repeated training may be required but this will
    not necessarily result in a reduction in the
    time taken to complete the task.
  • After the initial learning period there will be a
    rapid reduction in the time taken to complete
    the task.
  • There will be a long period before there is a
    reduction in the time taken to complete the
    task.
  • After the initial learning period there will be a
    slow reduction in the time taken to complete the
    task.
  • Answer B Question No 6
  • A manufacturing company has recently introduced a
    Total Quality Management (TQM) system. The
    company has invested heavily in the education and
    training of its staff, in addition to
    implementing new product design engineering.
    There is a plan to sample units from each batch
    of products manufactured to test for errors,
    although this has not yet been implemented due
    to budget constraints.
  • The company is experiencing high levels of
    customer complaints, with many faulty units being
    returned by the customer for refund or
    replacement. Sales revenue has fallen recently,
    mainly due to negative press coverage linked to
    dissatisfied customers.
  • Select the statement MOST likely to apply.

4
  • The high level of external failure costs is the
    result of a lack of expenditure on prevention
    costs.
  • The high level of internal failure costs is the
    result of a lack of expenditure on appraisal
    costs.
  • The high level of external failure costs is the
    result of a lack of expenditure on appraisal
    costs.
  • The high level of internal failure costs is the
    result of a lack of expenditure on prevention
  • costs.
  • Answer C Question No 7
  • A company is considering four mutually exclusive
    projects. There are three possible future demand
    conditions but the company has no idea of the
    probability of each of these demand conditions
    occurring. The forecast net present values (NPVs)
    of each of the four projects, under each of the
    three possible future demand conditions, are as
    follows.
  • Which investment would be selected using the
    maximin criterion?
  • Investment A
  • Investment B
  • Investment C
  • Investment D
  • Answer C

5
Question No 8 The following data are available
for an investment centre for the latest period.
Where appropriate the data have been adjusted to
reflect economic values. What cost of capital has
been used to calculate the EVA?
Give your answer to the nearest
percentage. Answer 9 Question No 9 A company
has three divisions, each of which is an
investment centre. The divisional managers'
performance is assessed using return on
investment (ROI). A higher ROI will result in a
higher bonus for the divisional manager. The
company's cost of capital is 15. For the
forthcoming year each divisional manager has one
investment opportunity available as follows
The manager(s) of which division(s) will proceed
with their respective investment opportunity?
6
  • Division 1 and Division 3
  • Division 2 and Division 3
  • Division 3 only
  • Division 1 only
  • Answer B Question No 10
  • A company makes three products, E, F and G. Total
    overheads for the year are expected to be
  • 1.2 million, with the following split between
    cost pools
  • Cost driver information has been estimated as
    follows

The company plans to make 10,000 units of product
E in the year, with an expected direct cost of
0.60 per unit. This annual production of product
E is expected to require 20 quality inspections,
28 purchase requisitions, and 400 kilogrammes of
materials. What is the overhead cost per unit of
product E? A. 0.10 B. 0.70 C. 3.57 D.
4.17 Answer A Buy Complete Questions Answers
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