Most Recent CIMAPRO19-P02-1 Exam Questions & Answers

Prepare for the CIMA P2 Advanced Management Accounting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRO19-P02-1 exam and achieve success.

The questions for CIMAPRO19-P02-1 were last updated on Jan 20, 2025.

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Question No. 1

A small company currently uses an information system that was implemented several years ago and is based entirely on internal dat

a. The company is considering replacing it with a more up to date system. It has been suggested that the new system should include the use of big data.

Which TWO of the following statements are correct?

ABig data can provide a small company with useful information in the quest for competitive advantage.

BBig data is concerned solely with a dramatic increase in the amount of internal data stored.

CBig data can be used by a small company to identify new opportunities.

DIt is not possible to value the potential benefits to a small company of an improved information system.

EBig data is only applicable to large companies which have substantial funds to invest in information systems.

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Correct Answer: A, C

Question No. 2

An airline company has operated passenger flights with low ticket prices to various airports from a busy airport for several years. It now faces increased competition on a number of its routes and has decided to use the balanced scorecard to monitor its performance.

Which of the following statements are correct?

Select ALL that apply.

ACustomer satisfaction measures will not be needed because the company pursues a low price strategy for competitive advantage.

BThe proportion of seats that are occupied on flights could be a suitable measure for the internal business process perspective.

CThe number of new flights to different destinations could be a suitable measure for the learning and growth perspective.

DThe number of on time take-offs could be a suitable measure for the internal business process perspective.

ENon-financial objectives will be met as a result of financial objectives being achieved.

FA survey of passengers could be a suitable measure for the customer perspective.

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Correct Answer: B, C, D

Question No. 3

LL produces an item, the Z, for which the demand curve is estimated to be:

P = 10 - 0.0001Q

where, P is the unit price in $ and Q is the annual sales volume in units;

Marginal revenue (MR) = 10 - 0.0002Q

The variable cost of producing the Z is $2 per unit. The annual fixed costs of production are $110,000.

What is the profit maximizing output level?

A50,000 units

B45,000 units

C40,000 units

D35,000 units

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Correct Answer: C

Question No. 4

Which of the following statements about the use of traditional budgeting compared with a beyond budgeting approach is correct?

AIf the organization has devolved decision making, beyond budgeting is not appropriate because it does not allow the same level of empowerment as traditional budgeting.

BIf the organization's products are subject to rapid technological change, beyond budgeting would allow managers to respond more quickly than under traditional budgeting.

CIf there is a dynamic external environment with fast moving opportunities, beyond budgeting will inhibit the organization's ability to take advantage of these opportunities whereas traditional budgeting will not.

DIf the organization's culture is such that a top down budgeting system is desired then this is better achieved by adopting beyond budgeting rather than traditional budgeting.

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Correct Answer: B

Question No. 5

Performance measures that monitor the extent to which a not-for-profit organization's objectives have been achieved are measures of:

Aeconomy

Befficiency

Ceffectiveness

Denterprise

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Correct Answer: C

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