CAMS Ch 1 Test Questions and Answers | Latest Update | 2024/2025 | Graded A+
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Course
CAMS Ch 1
Institution
CAMS Ch 1
CAMS Ch 1 Test Questions and Answers
| Latest Update | 2024/2025 | Graded A+
What is the main function of the CAMS in financial management?
- To provide legal advice
To assess and manage cash flow
- To conduct market research
- To develop investment strategies
Which of the following...
CAMS Ch 1 Test Questions and Answers
| Latest Update | 2024/2025 | Graded A+
What is the main function of the CAMS in financial management?
- To provide legal advice
✔✔ To assess and manage cash flow
- To conduct market research
- To develop investment strategies
Which of the following is a key component evaluated by CAMS?
- Employee performance metrics
✔✔ Cash inflows and outflows
- Customer satisfaction scores
- Supplier contracts
How can CAMS improve financial decision-making?
1
,- By analyzing employee productivity
✔✔ By offering insights into liquidity and financial stability
- By tracking marketing campaign results
- By assessing product quality
What is a common use of CAMS in budgeting?
- To forecast sales growth
- To determine market share
✔✔ To track actual expenses against budgeted amounts
- To evaluate customer acquisition costs
How often should CAMS be reviewed for effective financial management?
- Only at the end of the fiscal year
- Every few years
✔✔ Regularly, to ensure alignment with financial goals and market conditions
- Once during the company's inception
2
, What is a typical outcome of using CAMS in financial planning?
- Increased market share
- Enhanced customer loyalty
✔✔ Improved financial controls and cash management
- Higher employee retention rates
How does CAMS support risk management in finance?
- By predicting economic downturns
- By setting prices for products
✔✔ By monitoring and controlling cash flow risks
- By evaluating investment opportunities
Which of the following would indicate a need for a CAMS review?
- A decrease in customer satisfaction
3
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