When standardizing a financial statement, all items are expressed as:

When standardizing a financial statement, all items are expressed as: 

a)Ratios
b)Assets
c)Percentages
d)Liabilities

Answer: C

Examples of financial statement analysis include all of the following EXCEPT:

Examples of financial statement analysis include all of the following EXCEPT: 

a)Cash flow statement analysis
b)Balance sheet analysis
c)Income statement analysis
d)Marketing strategy analysis

Answer: D

A return on equity (ROE) ratio reflects:

A return on equity (ROE) ratio reflects: 

a)A company's ability to attract new investors
b)A company's ability to gain new assets
c)A company's successful conversion of assets into sales
d)A company's successful return on investor money

Answer: D

Which one of these is an ideal solvency rate for a company?

Which one of these is an ideal solvency rate for a company? 

a)10 percent
b)20 percent
c)30 percent
d)Depends on the company

Answer: B

All of the following are reasons behind adjustments made to ratio analysis EXCEPT:

All of the following are reasons behind adjustments made to ratio analysis EXCEPT: 

a)Revalue tangible assets
b)Calculate intangible assets
c)Eliminate short-term liabilities
d)Assess long-term liabilities

Answer: C

Differences between financial ratios are due to all of the following EXCEPT:

Differences between financial ratios are due to all of the following EXCEPT: 

a)Financial strategy
b)Marketing strategy
c)Leadership strategy
d)Liquidity strategy

Answer: D

An ROCE differs from an ROE in that it incorporates the following when comparing income to average shareholders' equity:

An ROCE differs from an ROE in that it incorporates the following when comparing income to average shareholders' equity: 

a)Debts
b)Inventory
c)Fixed Assets
d)Solvent Assets

Answer: A

Current ratio analysis indicates:

Current ratio analysis indicates: 

a)A company's solvency
b)A company's liquidity
c)A company's liability
d)A company's fixed assets

Answer: B

Public and private financial reports differ in the following EXCEPT:

Public and private financial reports differ in the following EXCEPT: 

a)Assessment of assets and liabilities
b)Assessment of intangible assets
c)Assessment of taxes
d)Assessment of year-over-year profits

Answer: D

Which one of these is NOT an internal user of a financial report?

Which one of these is NOT an internal user of a financial report? 

a)An employee
b)A future investor
c)A division manager
d)A company accountant

Answer: B

An income statement entry must be matched so that:

An income statement entry must be matched so that: 

a)Income and taxes owed in the same period are matched
b)Donations and expenses in the same period are matched
c)Net income and liabilities in the same period are matched
d)Revenues and expenses in the same period are matched

Answer: D

All of the following are included in a balance sheet statement EXCEPT:

All of the following are included in a balance sheet statement EXCEPT:

a)Assets
b)Liabilities
c)Equity
d)Tax assessment

Answer: D

A corporation patents a new invention that will make driving safer. This is an example of a(an):

A corporation patents a new invention that will make driving safer. This is an example of a(an): 

a)Intangible asset
b)Tangible asset
c)Intangible liability
d)Tangible liability



Answer: A

What is a current asset?

What is a current asset? 

a)A tangible asset of less than 1 year of life
b)A tangible asset of more than 1 year of life
c)An asset of less than 1 year of life
d)An asset of more than 1 year of life

Answer: C

Company valuations are not vulnerable to fraud because of the conflicts between:

Company valuations are not vulnerable to fraud because of the conflicts between: 

a)Shareholders
b)Spouses
c)CEOs
d)Investors and shareholders

Answer: C

Which one of these is NOT a challenging company for valuation?

Which one of these is NOT a challenging company for valuation? 

a)A public company
b)A private company
c)A new company
d)A specialized company

Answer: A

Why is asset-based valuation inappropriate for professional practices?

Why is asset-based valuation inappropriate for professional practices? 

a)Because professional practices are not easy to analyze financially
b)Because professional practices are not market-based
c)Because professional practices have mostly intangible assets
d)Because professional practices use financial and not economic tools

Answer: C

All of the following are examples of a liability EXCEPT:

All of the following are examples of a liability EXCEPT: 

a)Debt payments
b)Employee wages
c)Long-term leases
d)US Patent

Answer: D

A company purchases a fleet of cars for its rental branch. The cars are considered:

A company purchases a fleet of cars for its rental branch. The cars are considered: 

a)Intangible assets
b)Tangible assets
c)Intangible liability
d)Tangible liability

Answer: B

What is a company valuation?

What is a company valuation? 

a)A process to provide better management strategy
b)A process to encourage lean manufacturing
c)A process to approximate the value of a company
d)A process to determine the value of new investment

Answer: C

Customer satisfaction is determined by these factors EXCEPT:

Customer satisfaction is determined by these factors EXCEPT: 

a)Clear communication
b)Easy access
c)Courtesy
d)Frequent sales

Answer: D

Which of the following is among the deliverables of Business Analysis?

Which of the following is among the deliverables of Business Analysis? 

a)A press release
b)A raw supplies order
c)A requirements document
d)A financial report

Answer: C

The biggest challenge faced by information-based industries is:

The biggest challenge faced by information-based industries is: 

a)Large amount of data
b)Long inefficient processes
c)Difficult to control line workers
d)Raw material shortage

Answer: A

Manufacturing involves all of the following EXCEPT:

Manufacturing involves all of the following EXCEPT: 

a)People
b)Tools
c)Data
d)Raw materials

Answer: C

Which of the following is NOT a step in the manipulation of data?

Which of the following is NOT a step in the manipulation of data? 

a)Data to Information
b)Information to Knowledge
c)Knowledge to Wisdom
d)Wisdom to Recommendations

Answer: D

A medical supplies company provides latex gloves to hospitals, this is an example of a:

A medical supplies company provides latex gloves to hospitals, this is an example of a: 

a)B2C transaction
b)B2B transaction
c)B2E transaction
d)B2D

Answer: B

Successful KPIs have the following characteristics EXCEPT:

Successful KPIs have the following characteristics EXCEPT: 

a)Specific
b)Measurable
c)Affordable
d)Relevant

Answer: C

Which one of these is NOT a KPI?

Which one of these is NOT a KPI? 

a)90 percent sales conversion rate
b)5 percent staff absenteeism
c)Maximum of 2 shipment days
d)Satisfactory shopping experience

Answer: D

Why is external benchmarking important to performance management?

Why is external benchmarking important to performance management? 

a)Because it allows an organization to collect data easily
b)Because it allows an organization to compete in the market
c)Because it identifies redundant staff and departments
d)Because it helps an organization formalize processes

Answer: B

All of the following are examples of an Output KPI EXCEPT:

All of the following are examples of an Output KPI EXCEPT: 

a)Weekly sales revenues
b)Cars produced per quarter
c)Online transaction time
d)Market share

Answer: C

Which of the following is NOT a prerequisite for successful KPIs implementation?

Which of the following is NOT a prerequisite for successful KPIs implementation? 

a)Strong financial and accounting practices
b)Strategic and annual planning
c)Clearly defined organizational objectives
d)Formal structures and processes

Answer: A

What is a Key Performance Indicator (KPI):

What is a Key Performance Indicator (KPI): 

a)A vision statement that outlines a company's successful strategy
b)An executive officer's ability to lead his division
c)A performance measurement tool to gauge how a company is doing
d)A growth strategy that takes competition into account

Answer: C

Human resources departments affect company revenues indirectly through all of the following EXCEPT:

Human resources departments affect company revenues indirectly through all of the following EXCEPT: 

a)Hiring best talent
b)Engaging employee concerns
c)Preparing wages and salaries
d)Making sure employees are satisfied with their roles

Answer: C

Which one of these is NOT a benefit of engaging Business Analysts in Cost and Revenue Analysis?

Which one of these is NOT a benefit of engaging Business Analysts in Cost and Revenue Analysis? 

a)Perform thorough business analysis
b)Explore new revenue routes
c)Attend weekly meetings with the sales staff
d)Suggest innovative cost reduction solutions

Answer: C

Choose True or False. Business metrics allow companies to perform revenue analysis.

Choose True or False. Business metrics allow companies to perform revenue analysis. 

a)True
b)False



Answer: A

Revenue centers in a multinational oil and gas company engage in all of the following EXCEPT:

Revenue centers in a multinational oil and gas company engage in all of the following EXCEPT: 

a)Product Development
b)Marketing
c)Research & Development
d)Sales

Answer: B

A company sets quarterly cost targets for its West Coast sales office, it is engaging in:

A company sets quarterly cost targets for its West Coast sales office, it is engaging in: 

a)Cost Analysis
b)Cost Reduction
c)Cost Control
d)Revenue Analysis




Answer: C

The following are all cost centers EXCEPT:

The following are all cost centers EXCEPT: 

a)Human Resources
b)Research and Development
c)Marketing
d)Legal Services

Answer: B

The role of management function is to organize, deploy and control all of the following EXCEPT?

The role of management function is to organize, deploy and control all of the following EXCEPT? 

a)Events
b)Information
c)Technology
d)People

Answer: A

Which one of these is NOT a responsibility of the Research and Development department?

Which one of these is NOT a responsibility of the Research and Development department? 

a)Provide administrative reports to senior management
b)Research new products
c)Improve upon existing products
d)Keep abreast of technological developments in their field

Answer: A

Which of the following does NOT contribute to cross-functional teams failing to complete projects successfully at times?

Which of the following does NOT contribute to cross-functional teams failing to complete projects successfully at times? 

a)Leadership crises
b)Team members coming from different departmental cultures
c)Remote communication between departments
d)Territorial behavior

Answer: C

Finance and Accounting functional areas conduct the following:

Finance and Accounting functional areas conduct the following: 

a)Strategic market analysis
b)Financial projects in the annual strategic plan
c)New and emerging markets research
d)Software and hardware application support

Answer: B

A Business Analyst's role in preparing a Project to avoid crises does NOT include:

A Business Analyst's role in preparing a Project to avoid crises does NOT include: 

a)Providing training to leaders
b)Developing a clear vision statement
c)Helping a team learn new communication skills
d)Evaluating team performance

Answer: D

All of the following are known organizational structures EXCEPT:

All of the following are known organizational structures EXCEPT: 

a)Project Team
b)Matrix
c)Sales and Marketing
d)Functional

Answer: C

Which of the following techniques does a Business Analyst NOT utilize to gather information from stakeholders?

Which of the following techniques does a Business Analyst NOT utilize to gather information from stakeholders? 

a)Interviews and facilitated discussion
b)Document and process analyses
c)Case modeling
d)Discussions with product suppliers

Answer: D

Which one of these is NOT a good habit of successful Business Analysts?

Which one of these is NOT a good habit of successful Business Analysts?

a)Communicate with stakeholders only once during Business Analysis
b)Work collaboratively with Project Managers
c)Are clear about their roles and responsibilities
d)Integrate creativity and critical thinking in their work

Answer: A

Why is role and process clarity important when initiating Business Analysis?

Why is role and process clarity important when initiating Business Analysis? 

a)So that hardworking Project Managers are not burdened
b)So that the company can limit billing hours
c)So that Business Analysts are clear about their roles and responsibilities
d)So that project team members don't have to be accountable

Answer: C

A Business Case document contains the following EXCEPT:

A Business Case document contains the following EXCEPT: 

a)Cost-benefit analyses
b)Time estimates it would take to break even
c)Potential impact of new project on existing business operations
d)Meeting schedule for stakeholders

Answer: D

A Business Analyst's job in quality assurance is to analyze the process but he or she does not document the analysis:

A Business Analyst's job in quality assurance is to analyze the process but he or she does not document the analysis: 

a)True
b)False





Answer: B

Business Analysis and Project Management have the following job specifications in common EXCEPT:

Business Analysis and Project Management have the following job specifications in common EXCEPT: 

a)They are both aware of the overall project's goals and objectives
b)They both communicate with stakeholders
c)They can both begin at any time in the project lifecycle
d)They are both involved in the development of viable solutions

Answer: C