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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

Completing unfinished business, collecting debts, and distributing assets to creditors and partners is called:

A.

Bankruptcy

B.

Liquidation

C.

Insolvency

D.

All of the above

The process, managers use to transfer authority and responsibility to positions below them in the hierarchy is called:

A.

Allocation

B.

Assignment

C.

Delegation

D.

Deputation

Who is a country organization with a distinctive competence, such as product development and increasingly, country organizations are the source of new products?

A.

contributor

B.

leader

C.

implementer

D.

supplier

What provides a separate record for the cost of each quantity of product that passes through the factory?

A.

job order cost system

B.

factory labor cost system

C.

product manufacturing cost system

D.

None of the above

After transactions have been recorded and summarized, reports are prepared for users; the accounting reports that provide this information are called:

A.

income statement

B.

financial statements

C.

cash flow statement

D.

accounting statement

What takes the opportunities and turns them into actions which, in turn, become values?

A.

Evaluation

B.

Execution

C.

Continuous process improvement

D.

Work structure

What is based on rules that do not have discrete boundaries but lie along a continuum, enabling a system to better deal with ambiguity?

A.

Fuzzy logic

B.

Genetic logic

C.

Vague logic

D.

Indistinct logic

An information system that provides reports to stakeholders about the economic activities and condition of a business is called:

A.

Accounting

B.

Financing

C.

Bookkeeping

D.

Investment

A total or near-total ban or trade with a particular country sometimes enforced by military action and usually imposed for a political purpose is called:

A.

block

B.

embargo

C.

impediment

D.

prohibition

What mans that all possible intermediaries at the particular level of the channel are used?

A.

Channel intensity

B.

Intensive distribution

C.

Selective distribution

D.

Territory intensity

The relationship between credit sales and accounts receivable may be stated as:

A.

quick account analysis

B.

account payable turnover

C.

account receivable turnover

D.

None of the above

What refers to both incremental improvements that are small and gradual as well as break through, and large and rapid, improvement?

A.

Continuous improvement

B.

Re-growth

C.

Streamlined improvement

D.

Rationalized improvement

The ability of the organization to obtain from its environment scarce and valued resources, including financial resources, raw materials, human resources, knowledge and technology is called:

A.

Bargaining position

B.

Agreement indicator

C.

Covenant approach

D.

Convention

A measure of the quantity and quality of work done, considering the cost of the resources used is known as:

A.

Productivity

B.

Innovation

C.

Efficiency

D.

Effectiveness

A firm sells the same product and uses the same promotional appeals in all markets, this leads to:

A.

standardize product / standardize message

B.

standardize product / customize message

C.

customized product / standardize message

D.

customized product / customized message

Shiba quality model focus on which level of quality?

A.

Fitness to standard

B.

Fitness to needs

C.

Fitness of costs

D.

All of the above

What provides for global coordination and at the same time it allows local autonomy?

A.

Tactical strategy

B.

International strategy

C.

Transnational strategy

D.

Global strategy

Which is NOT the tool used in six-sigma efforts?

A.

Elementary statistical tools

B.

Product processing time

C.

Measurement

D.

Implementation and teamwork

What means that the job provides greater responsibility, recognition, and opportunities for growth and development?

A.

job simplification

B.

job enrichment

C.

job enlargement

D.

job growth

What is organized and consistent, and can be understood by and deployed across all those involved in new product development (NPD) projects at a firm?

A.

Product prototype

B.

Stage-Gate process

C.

Advantaged products strategy

D.

Position proportion process

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Total 354 questions
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