CMA PART 1 ESSAY QUESTIONS

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CMA PART 1 PLANNING AND BUDGETING QUESTIONS

Question 1 - CMA 692 H9 - Planning and Budgeting Concepts Strategy is a broad term that usually means the selection of overall objectives. Strategic analysis ordinarily excludes the A. Target product mix and production schedule to be maintained during the year. B. Forms of organizational structure that would best serve the entity. C. Trends that will affect the entity's markets. D. Best ways to invest in research, design, production, distribution, marketing, and administrative activities. A. Strategic analysis is focused on the long-term and looks at the strengths, weaknesses, opportunities and threats that the company will face in the future. The production schedule for the year is not a strategic item as it is a short-term issue. This production plan would be more of an operational budget or plan. B. Creating the correct internal structure for the company that will enable the fulfillment of the company's long-term strategic objectives is a critical strategic decision. C. Mar...
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