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CBM APBM Certified Business Manager Free Practice Exam Questions (2025 Updated)

Prepare effectively for your APBM CBM Certified Business Manager certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.

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Total 354 questions

What refers to the process of evaluating the credit policy to determine if a shift in the customers’ payment patterns has occurred?

A.

Payables monitoring

B.

Receivables monitoring

C.

Transactional monitoring

D.

Controlled monitoring

Dissolution by Operation of Law a partnership is dissolved by operation of law upon:

A.

the death of a partner

B.

the bankruptcy of a partner or of the partnership

C.

the subsequent illegality of the partnership

D.

All of the above

The process in which all machines that perform a similar function or task are grouped together is called:

A.

Process kinship

B.

Process community

C.

Process layout

D.

Process landscape

Which of the following is the element of a bureaucratic / formalized control system?

A.

international budget and planning system

B.

functional reporting system

C.

policy manuals used to direct functional performance

D.

All of the above

The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational goals is called:

A.

Marketing

B.

Promotion

C.

Selling

D.

Advertising

The basic systems theory of organizations includes which of the following components?

A.

Inputs, transformation process, outputs and testing

B.

Inputs, transformation process, outputs, feedback and environment

C.

Inputs, processing, outputs, feedback and maintenance

D.

Inputs, processing, outputs, testing and environment

The Single-A and triple-B bonds are strong enough to be called _______________, and they are the lowest-rated bonds that many banks and other institutional investors are permitted by law to hold.

A.

Investment grade bonds

B.

Public service bonds

C.

Floating rate bonds

D.

Coupon bonds

The aggressive policy calls for the greatest use of long-term debt, while the conservative policy requires the least, maturity matching falls in between.

A.

True

B.

False

What is the owner’s equity created by the business operations?

A.

Log-on earnings

B.

Sale earnings

C.

Retained earnings

D.

Transactional earnings

Instead of requiring the payment of cash at the time services are provided or goods are sold, a business may accept payment at a later date, such revenues are called:

A.

fees on account

B.

earnings on account

C.

credit on account

D.

liability on account

What come in a variety of forms and are offered to retailers simply for purchasing the manufacturer’s brand or for performing activities in support of the manufacturer’s brand?

A.

Trade allowances

B.

Power transfers

C.

Sales promotions

D.

Reward structures

A small or medium sized automated production line that can be adopted to produce more than one product line is known as:

A.

Variable manufacturing system

B.

Flexible manufacturing system

C.

Accommodating manufacturing system

D.

Open manufacturing system

The set of products a firm targets to one general market is known as:

A.

Market development

B.

Product diversification

C.

Packaging line

D.

Product line

A firm must avail itself of all dimensions of competition, which Michael Porter categorized into which of the following four components is NOT of “the diamond of national advantage”?

A.

Related industries

B.

Factor conditions

C.

External economy

D.

Firm strategy

A process that defines which functions are responsible for performing what tasks, in what order, and in conjunction with what other tasks and functions is called?

A.

Market segment strategy

B.

Product development process

C.

Task development process

D.

Project strategy

A Pareto diagram is a histogram of the data from the smallest frequency to the largest.

A.

True

B.

False

The change in the relation of partners caused by any partner’s ceasing to be associated with the carrying on of the business is called:

A.

Dissolution

B.

Disbanding

C.

Conclusion

D.

Suspension

When inventory moves so fast that firms essentially hold zero inventory on hand, they are following a system known as:

A.

slant supply chain

B.

lean supply chain

C.

slender supply chain

D.

spare supply chain

The marketing concept consists of the following fundamental principle?

A.

the organization exists to identify and to satisfy the needs and wants of its potential and existing customers

B.

Satisfying customer needs is accomplished through an integrated effort throughout the organization

C.

the organizational focus should be long-term cooperative trading relationships with customers as opposed to short-term exploitation of customers

D.

All of the above

Organizing tasks, duties, and responsibilities into a productive unit of work is known as:

A.

Job design

B.

Job description

C.

Job plan

D.

Job model

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Total 354 questions
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