CIMA P2 問題集

質問 1：
In order to remain competitive an organization wishes to achieve cost savings for one of its existing products.
Which of the following correctly describes methods which the organization can use to achieve these cost savings?
Select ALL that apply.
A. Value analysis is examining a product's costs in order to achieve its purpose at a reduced cost while maintaining its reliability and quality.
B. Functional analysis is carried out only on existing products and is concerned only with minimizing the cost of the originally defined functions of a product.
C. Target costing is continuously setting new stretch targets while the product is in production.
D. Value engineering is a fundamental rethinking and radical redesign of an organization's existing processes.
E. Kaizen costing is seeking to make cost savings by continuously making small incremental cost reductions while the product is in production.
正解：A,E

質問 2：
There is a 60% probability of a project yielding a positive net present value (NPV) of $280,000 and a 30% probability of it yielding a positive NPV of $140,000.
The only other possible outcome is that the project will yield a negative NPV of $160,000.
What is the expected value of the project's NPV?
A. $280,000
B. $260,000
C. $194,000
D. $210,000
正解：C

質問 3：
Four mutually exclusive projects have been appraised as follows using net present value (NPV), internal rate of return (IRR), accounting rate of return (ARR) and payback period (PP).

Recommend which of the projects should be chosen.
A. Project A
B. Project D
C. Project C
D. Project B
正解：B

質問 4：
ZZZ is a divisionalised company that uses the balanced scorecard approach to monitor divisional performance. Each measure on the scorecard is classified as green (if they are better than expected), amber (if expectations have been met) or red (if they are poorer than expected).
The Southern Division's scorecard shows that 90% of the measures are amber, 3% are green and 7% are red.
All of the red classifications are listed under the Learning and Growth perspective and have arisen largely because the division has lost a lot of staff to a major competitor who offered a better rate of pay.
Which THREE of the following statements are correct?
A. The Southern Division's managers should be reprimanded for having red classifications.
B. The numbers for the measures that have been classified as red and green are not necessarily indicative of overall performance.
C. The Southern Division's managers should be reprimanded for having only a small proportion of green classifications.
D. The Southern Division's managers should be asked to provide a commentary on the scorecard.
E. The Southern Division's financial performance is acceptable.
正解：B,D,E

質問 5：
Place each performance measure against the correct perspective of the Balanced Scorecard for a company that operates a chain of hotels.

正解：


質問 6：
A manager must decide which one of three projects should be implemented. For each project the possible outcomes and their associated probabilities can be estimated reliably. The manager has decided to make the decision based solely on which project has the highest expected value of profit.
Which of the following statements are correct?
Select ALL that apply.
A. The manager will select the project with the lowest standard deviation.
B. The decision is characterized by risk and the manager is risk neutral.
C. The range of possible outcomes for each project is not important to the manager.
D. The decision is characterized by uncertainty and the manager is risk seeking.
E. The manager will select the project with the highest of all of the possible outcomes.
正解：B,C

質問 7：
An electronics company sells a range of tablet computers. Tablet computers come complete with an operating system that is regarded as the market leader. The company aims to launch a new version of its hardware every eighteen months and a major update to its software every three years. The latest version of the tablet computer is always sold at a higher price, but the older version that has been replaced is then sold for a time at a discounted price.
Which pricing model does this company appear to be using?
A. Skimming and loss leader pricing
B. Penetration and product bundling
C. Skimming and product bundling
D. Penetration and loss leader pricing
正解：C

質問 8：
Which of the following statements about the use of traditional budgeting compared with a beyond budgeting approach is correct?
A. If the organization's products are subject to rapid technological change, beyond budgeting would allow managers to respond more quickly than under traditional budgeting.
B. If 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.
C. If 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.
D. If the organization has devolved decision making, beyond budgeting is not appropriate because it does not allow the same level of empowerment as traditional budgeting.
正解：A