Which of the Following Is Not Required to Become a CMA

question 64

Multiple Choice

Which of the following is not required to become a CMA?

• A)Completion of a university degree
• B)Candidates must pass an entrance exam into the CMA program
• C)Completion of a two-year strategic leadership program concurrently with gaining industry experience
• D)Completion of a national exit exam.

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Definitions:

Financial Distress Cost

Expenses associated with a company struggling financially, including legal fees, restructuring costs, and impaired ability to conduct business.

Leverage

The use of borrowed capital or debt to increase the potential return of an investment.

Debt Financing

Raising capital through the sale of bonds, bills, or notes to individuals or institutions, which must be repaid over time with interest.

Interest Tax Shield

The reduction in income taxes that results from the deductibility of interest payments.