CMA (Certified Management Accountant) Practice Questions Practice Test
Frequently asked questions
How many CMA (Certified Management Accountant) Practice Questions practice questions are here?+
A full bank of original CMA (Certified Management Accountant) Practice Questions practice questions across the official content areas, weighted like the real exam, with explanations. Free, no signup.
What is the CMA (Certified Management Accountant) Practice Questions exam like?+
A multiple-choice exam. Practice by topic here, then take the full timed mock exam to gauge readiness.
Are these the real exam questions?+
No. Every question is 100% original, written from public primary sources with explanations. We never copy real exam questions or paid prep material.
Can I study in Chinese or Spanish?+
PrepPass practice is in English, 中文 and Español. The official exam is in English — switch the question language to English any time to rehearse the exact terminology you'll see on test day.
Sample practice questions
A few real questions from this free bank, with full explanations. Use the practice tool above for the whole set.
- 1. Planning, Budgeting & Forecasting
A flexible budget differs from a static budget because it:
- a.Never changes
- b.Adjusts budgeted amounts for the actual level of activity
- c.Ignores variable costs
- d.Is prepared only after the year ends
Answer: b
Explanation: A flexible budget flexes budgeted costs to the actual activity level.
- 2. Planning, Budgeting & Forecasting
A budget prepared assuming no prior-year baseline, justifying every expense, is:
- a.Incremental budgeting
- b.Flexible budgeting
- c.Zero-based budgeting
- d.Capital budgeting
Answer: c
Explanation: Zero-based budgeting justifies all expenses from a zero base.
- 3. Performance Management
A favorable variance generally means actual results were:
- a.Worse than budget
- b.Better than the budgeted/standard amount
- c.Exactly on budget
- d.Not measurable
Answer: b
Explanation: A favorable variance means performance beat the standard or budget.
- 4. Performance Management
Return on investment (ROI) for a division is generally:
- a.Sales minus expenses
- b.Total assets only
- c.Operating income divided by invested capital
- d.Cash divided by liabilities
Answer: c
Explanation: ROI relates a division's income to the capital invested to earn it.
- 5. Cost Management
Contribution margin equals sales revenue minus:
- a.All fixed costs
- b.Variable costs
- c.Taxes
- d.Depreciation
Answer: b
Explanation: Contribution margin is sales minus variable costs; it covers fixed costs and profit.
- 6. Cost Management
A cost that stays constant in total as activity changes (within a range) is a:
- a.Variable cost
- b.Marginal cost
- c.Fixed cost
- d.Opportunity cost
Answer: c
Explanation: Fixed costs remain constant in total over the relevant range.
- 7. Internal Controls
Segregation of duties is an internal control that:
- a.Speeds up all transactions
- b.Prevents one person from controlling all parts of a transaction
- c.Eliminates the need for audits
- d.Increases fraud risk
Answer: b
Explanation: Separating authorization, recording, and custody reduces fraud and error risk.
- 8. Internal Controls
A preventive control is designed to:
- a.Detect errors after they occur
- b.Correct past errors
- c.Stop errors or fraud before they happen
- d.Report to regulators
Answer: c
Explanation: Preventive controls aim to stop problems before they occur.
- 9. Financial Statement Analysis
The current ratio measures:
- a.Profitability
- b.Short-term liquidity (current assets to current liabilities)
- c.Long-term leverage
- d.Market value
Answer: b
Explanation: Current ratio = current assets / current liabilities, a liquidity measure.
- 10. Financial Statement Analysis
Gross profit margin equals gross profit divided by:
- a.Total assets
- b.Net income
- c.Sales revenue
- d.Equity
Answer: c
Explanation: Gross margin = gross profit / sales.