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CMA Review Courses - Questions and Answers

Rigos CMA Review Questions and Answers

All students enrolled in any Rigos program receive free software of old question and answer drills.

Previous exam question-and-answer software is especially useful for the multiple-choice questions. The computerized answers are complete and explain why one answer is the best and the others less correct. Our software has many useful features including timing, scoring and bookmarking. The computerized questions and answers are distributed according to the chapters of our textbooks. This allows you to immediately refer to the theory of the subject if you miss a question during your studying.


A. General Comments and Pitfalls

       1. History: Since this is a new examination which is undisclosed, there is no history to rely upon. However, the questions will be in four-stem format, with all levels of difficulty (A through C) represented. Because they are presented in a computer format and machine-graded, computational sheets and notes to the grader are not possible and are ineffective.

      2. Difficulty Selection: The depth of knowledge to be tested on the examination is to a C level - synthesis and evaluation. Expect a mixture of all levels, with the majority of the questions at the B level. 

      3. Stay Within Time Allocation: Be careful to manage your time as you proceed through the questions. If a particular question is giving you difficulty, move on to the next one, then come back to deal with the difficulty later when you have gone through all the other questions. 

      4. Preferred Answer Objective: Look for the best answer. This may mean the more correct or conversely, the least incorrect, answer. Appreciate the difference between the command adverbs "may" and "shall"/"must"/"will". 

      5. Remember the General Rule: The more general the alternative, the more likely it is the usual situation and thus correct. Conversely, the more specific the alternative, the more likely it is an exception and thus the wrong answer. The exceptions may add facts which place them outside the application of the general rule; these are often the longer alternatives. On the other hand, the longer alternative may sometimes be the correct answer because all required information pertinent to the correct best choice has to be included. Read the options carefully.

      6. Multiple Conditions: Answer alternatives may have two or three conditional criteria. Each condition must be satisfied for the alternative to be correct. Identify the incorrect condition. These are often easy questions if you understand the principles involved.

     7. Negatives: Recent IMA examinations have seen increased use of negatives in the facts, the alternatives, or both. This requires the CFM candidate to reason very carefully through the alternatives, with the understanding that the false answer may be the correct choice. 

      8. Absolutes: Be on the alert for exclusionary words such as "all", "always", "none", "never", "under no circumstances" or "solely". Such words are in the question for a reason. Is there an exception?

     9. Nonsense Theory: The ICMA may create one or more of a question's four stems to represent a nonsense principle or theory. A good rule of thumb is that such an alternative is always wrong unless you have seen it in the Rigos texts.

      10. Calculation Questions: More data may be given than is necessary. Dates are very important. Apply current pronouncements and statutory rules unless the question specifies to the contrary. Always watch for red herrings and extraneous numerical data. If guessing, avoid the high and low values.

    B. Approach to Multiple-Choice Questions

       1. Interrelationships: If a setting of narrative or numerical data is the basis for two or more questions or subparts, read all the parts to determine the most efficient sequence for your total solution. This is especially useful in a calculation style of question.

      2. "Mask" Down: In a pencil-and-paper format, a good rule of thumb is to lay a mask over the alternatives, read the facts carefully, and try to determine the correct answer before you look at the options. This is more difficult to do in a computerized testing situation. However, it is still a good mental practice to follow. Concentrate on the question or the fact pattern to determine what the answer should be. Then search for that answer among the alternatives given. As a note of caution, however, remember that if you see the answer you guessed or calculated, you should still consider the other alternatives to make sure none seem more correct. This "masking" technique will usually facilitate a more thorough understanding of the factual setting.

      3. Disagreement: If your favorite answer is not one of the alternatives, check your math and the logic of your approach. If they both seem correct, pick the most reasonable choice. (Usually the alternative closest to your computation.)

      4. Answer All Questions: If you are unsure about which alternative is the correct answer, make your best educated guess, select that answer, then mark it to come back and check that answer later. Don't get "bogged down." After you have completed the whole exam, come back and look at the marked questions to determine if you see anything new. The questions you have completed may have jogged your memory. If the uncertainty is still present, don't change your first judgment as it is probably your best shot at the correct answer.

Last updated on 7/12/2012 4:01:35 PM