Cima P2 Exam Question 38

Question No 38:

For a complex and repetitive task, which of the following correctly describes a steep learning curve?

A. Repeated training may be required but this will not necessarily result in a reduction in the time taken to complete the task.
B. After the initial learning period there will be a rapid reduction in the time taken to complete the task.
C. There will be a long period before there is a reduction in the time taken to complete the task.
D. After the initial learning period there will be a slow reduction in the time taken to complete the task.

Answer: B

AICPA Council approves ballot measure on deeper relationship with CIMA

Members of the AICPA Council approved a ballot measure on a proposal from the AICPA and the Chartered Institute of Management Accountants (CIMA) to create a new partnership accounting that integrates the activities of organizations and represent the whole of the accounting profession, preserving while their belongings respective bodies.

The proposal first presented to members on Nov. 2, it aims to ensure greater promotion, increased resources and additional educational opportunities. The proposal was approved by the Council of the AICPA and the Council and has the support of 51 companies in the State of the APC, the leaders of many small, medium and large companies, and CFO organizations throughout the United States and around the world . AICPA committees, including private business practice, business and Industry Executive Committee, the performance of the state and Accountability Committee and initiatives of women Executive Committee supported the proposal.

Electronic voting in the measure will start in April next season and continue for two months. regular voting members will receive their personal and confidential votes of the week of April 18 from an external administrator to vote as "AICPA independent tabulator". Moving forward requires the approval of two thirds of the members voting of the AICPA.

Under the proposal, AICPA members remain members of the AICPA and will be designated automatically in the new member of the association as part of its contribution regularly AICPA. CIMA members, who will vote on a similar schedule, remain members of CIMA and also be part of the new partnership.

While the AICPA and CIMA maintain their respective body members and joints, the deeper relationship that allows organizations to defend the public interest and promotion of designations with the power of 600,000 current and accounting professionals the next generation the world, according to the Institute. Operations Integration aims to accelerate and expand resources and service organizations provide.
The AICPA will continue to focus efforts to promote, protect and grow the APC.

Cima P2 Exam Question 37

Question No 37:

An organization employs a dual pricing basis for the transfer of components between its divisions.  This means that:

A. Each division has a separate transfer price for a single transaction.
B. The transfer price is based on marginal cost with a separate charge to allow for fixed costs.
C. The transfer price is based on the cost of the product plus a mark-up for profit.
D. The transfer price is based on the market price less a discount.

Answer: A

Cima P2 Exam Question 36

Question No 36:

The following data are available for an investment centre for the latest period. Where appropriate the data have been adjusted to reflect economic values.  What cost of capital has been used to calculate the EVA? 

 

Give your answer to the nearest percentage.

Answer: 9 %