Practice CMA-Financial-Planning-Performance-and-Analytics Exam Online

Question 1

Which one of the following activities is not a pan of the data mining process?

A : Applying statistical techniques to derive information from large sets of data

B : Using artificial intelligence to identify patterns in large data sets

C : Generating recommendations based on insights derived from large databases

D : Creating valid and useful information from large data sets using statistical methods

Answer: C

Question 2

Collins Corporation manufactures its products in a highly automated, just-in-time environment and uses a standard cost system. The variance that would cause the least concern would be a

A : 6% unfavorable fixed overhead volume variance caused by work stoppages because of missing parts

B : 9% unfavorable material price variance caused by changing to a supplier that would support the company-s just-in-time needs.

C : 30% unfavorable direct labor efficiency variance caused by idle time while waiting for goods to be received from a previous manufacturing department

D : 12% unfavorable variable overhead spending variance caused by keeping equipment running during times when there is no production activity

Answer: B

Question 3

A heating. ventilation, and air conditioning (HVAC) company estimates that n takes a new team of technicians 100 labor hours to install its first HVAC system and that there is an 80% learning rate What are theestimated

total labor hours for a new team to complete its first four installations?

A : 256.

B : 295.

C : 320.

D : 340.

Answer: A

Question 4

Which one of the following statements best defines datagovernance?

A : Procedures implemented by the board of directors to manage data.

B : A framework used to oversee the availability, usability and integrity of data

C : The company-s framework for supervising and managing the IT function

D : The corporate records retention policy setting out the contents of the system data records

Answer: C

Question 5

Which one of the following items is included in accumulated other comprehensive income?

A : Gains and losses on the sale of equipment

B : Effect of a change in accounting method

C : Realized gains on available-for-sale securities

D : Foreign currency translation adjustments

Answer: D

Name:	CMA Part 1 Financial Planning, Performance, and Analytics
Exam Code:	CMA-Financial-Planning-Performance-and-Analytics
Certification:	CMA
Vendor:	IMANET
Total Questions:	115
Last Updated:	Mar 07, 2026

IMANET CMA-Financial-Planning-Performance-and-Analytics Answers