Hi all,
While doing the additional CMA Part 2 question from the Support Package (v2020), I found the below for which the answers provided by IMA, don't seem quite right or maybe they are correct and my understanding is not.
What are your thoughts?
80. Unit contribution margin is best defined as the difference between the
-
-
sales price and variable costs.
-
unit sales price and variable costs multiplied by the number of units sold.
-
unit sales price and the unit variable costs.
-
unit sales price and the unit variable costs divided by the sales price.
Answer provided: 1
My answer: 3
81. When a product has elastic demand, the percentage change in price
-
-
is less than the percentage change in quantity demanded.
-
results in no change in quantity demanded.
-
is greater than the percentage change in quantity demanded.
-
results in an equal change in quantity demanded.
Answer provided: 4
My answer: 1
83. In preparing a multi-year revenue forecast, a financial analyst uses a technique that generates a distribution of possible results based on repeated sampling. The analyst is most likely using which one of the following?
-
Sensitivity analysis.
-
Monte Carlo simulation.
-
Scenario analysis.
-
Activity analysis.
Answer provided: 3
My answer: 2------------------------------
Brian Ruskolekier
Controller
Buenos Aires
Argentina
------------------------------