Cima P3 Exam Quesitons

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2. What is CIMA? CIMA is the most relevant accounting qualification for business. Becoming a Chartered Management Accountant can accelerate your career and boost your salary. It is a proven path to business success.

3. CIMA Certificate In Business Accounting

4. P3 financial operations: The P3 exam focuses on how to prepare full financial statements for a single company and the principal consolidated financial statements for a simple group Get Complete File Click Here:

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9. How Cima Benefits Your Business • Analysis - Understanding the history behind numbers and use it to make business • decisions • Strategy – Using the insight from analysis to help formulate business strategy to create • wealth and shareholder value. • Risk - The application of analytical skills to observe business processes end end a pair • identify and manage risks. • Planning – using accounting techniques to plan and budget. • Communication – knowing what information management needs and explaining • the numbers to non-financial managers. https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

10. Here are some questions of Cima P3 that you get same in your exam. Here are some questions please stay with us: https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

11. Question No1: • Which TWO of the following are examples of management information made possible by the availability of big data? • Customer profitability analysis to identify key strategic customers • Customer information harvested from social media to target products • Production cycle time analysis to improve production efficiency • Real-time inventory management information shared with producers to influence their production plans • A five-year history of a company's aged debtor list to assess the long-run effectiveness of credit control • Answer: B, D https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

12. Question No2: • Company D is about to launch an innovative and unique product which may face direct competition within three years. The company needs to achieve a rapid payback on all investments because it has limited access to external finance. • Which is the most appropriate pricing strategy for company D's new product, and for what reason? • Market skimming because it exploits areas of the market which are sensitive to price. • Penetration pricing because it can be used to rapidly build sales volume in mature markets. • Market skimming because it enables high prices to be charged to buyers who want the product as soon as possible. • Penetration pricing because it can be used to rapidly build sales volume in high growth markets. • Answer: C https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

13. Question No3: • Performance measures that monitor the extent to which a not-for-profit organization's objectives have been achieved are measures of: • Economy • Efficiency • Effectiveness • Enterprise • Answer: C https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

14. Question No4: • An organization employs a dual pricing basis for the transfer of components between its divisions. This means that: • Each division has a separate transfer price for a single transaction. • The transfer price is based on marginal cost with a separate charge to allow for fixed costs. • The transfer price is based on the cost of the product plus a mark-up for profit. • The transfer price is based on the market price less a discount. • Answer: A https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

15. Question No5: • For a complex and repetitive task, which of the following correctly describes a steep learning curve? • Repeated training may be required but this will not necessarily result in a reduction in the time taken to complete the task. • After the initial learning period there will be a rapid reduction in the time taken to complete the task. • There will be a long period before there is a reduction in the time taken to complete the task. • After the initial learning period there will be a slow reduction in the time taken to complete the task. • Answer: B https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

16. Question No6: • A manufacturing company has recently introduced a Total Quality Management (TQM) system. The company has invested heavily in the education and training of its staff, in addition to implementing new product design engineering. There is a plan to sample units from each batch of products manufactured to test for errors, although this has not yet been implemented due to budget constraints. • The company is experiencing high levels of customer complaints, with many faulty units being returned by the customer for refund or replacement. Sales revenue has fallen recently, mainly due to negative press coverage linked to dissatisfied customers. • Select the statement MOST likely to apply. • The high level of external failure costs is the result of a lack of expenditure on prevention costs. • The high level of internal failure costs is the result of a lack of expenditure on appraisal costs. • The high level of external failure costs is the result of a lack of expenditure on appraisal costs. • The high level of internal failure costs is the result of a lack of expenditure on prevention costs. • Answer: C https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

17. Question No7: A company is considering four mutually exclusive projects. There are three possible future demand conditions but the company has no idea of the probability of each of these demand conditions occurring. The forecast net present values (NPVs) of each of the four projects, under each of the three possible future demand conditions, are as follows. Which investment would be selected using the maximin criterion? • Investment A • Investment B • Investment C • Investment D • Answer: C https://www.exams4sure.com/CIMA/P3-practice-exam-dumps.html

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