CCM Study Guide 2026
Everything you need to pass the CCM exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CCM Exam Format at a Glance
📚 CCM Topics to Study (65)
✍️ Sample CCM Questions & Answers
1. A company wants to ensure ethical sourcing throughout its supply chain. Which tool is most effective for identifying labor or environmental risks in tier-2 and tier-3 suppliers?
Self-assessment questionnaires combined with independent third-party audits provide structured visibility into ethical compliance beyond direct tier-1 suppliers.
2. A project has a Net Present Value (NPV) of -$45,000. What does this indicate for the investment decision?
A negative NPV means the present value of cash outflows exceeds inflows at the required rate, indicating the investment would destroy shareholder value.
3. A portfolio manager uses a 'parenting advantage' framework to evaluate whether corporate headquarters adds or destroys value for each business unit. This approach was developed by:
Campbell, Goold, and Alexander developed the parenting advantage concept, arguing that the parent must add more value than any alternative owner.
4. A company issues $5 million in bonds at a coupon rate of 6% when market rates are 8%. The bonds will be issued at:
When the coupon rate is below the market interest rate, investors pay less than face value (a discount) to achieve the higher market yield.
5. Which advisory approach best demonstrates a commercial manager acting as a trusted advisor rather than just a transactional consultant?
Proactively surfacing unforeseen risks demonstrates the deeper engagement and foresight characteristic of a trusted advisor relationship.
6. Which of the following best describes 'economic value added' (EVA)?
EVA = NOPAT − (WACC × Invested Capital), measuring how much profit remains after covering the cost of all capital employed.