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CAMS Ch 1 Test Questions and Answers | Latest Update | 2024/2025 | Graded A+ $9.75   Add to cart

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CAMS Ch 1 Test Questions and Answers | Latest Update | 2024/2025 | Graded A+

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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...

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  • August 18, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CAMS Ch 1
  • CAMS Ch 1
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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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