Free CDFO Practice Questions

Question 1

The principals of an architecture firm are concerned about falling cash balances despite steady accrual-basis net service revenue and operating profit. Days outstanding on billed receivables have stayed near 31, while earned-but-unbilled revenue has risen from 16 to 43 days. The work is eligible for billing, and payroll and vendor disbursements remain on plan. Where should the controller investigate first?

Accepted Answer

The time from completed work to invoice approval and issuance.

Answer

Collection calls on invoices already sent to clients.

Answer

The allocation of indirect payroll and occupancy costs to overhead.

Answer

The timing of vendor payments against the suppliers' agreed credit terms.

Question 2

During design development, a private client requests an additional floor-layout option expressly excluded from the signed fixed-fee scope. The agreement requires written authorization of scope and fee before additional services begin. Work on the approved layout can proceed independently, and there is no safety issue. Which instruction keeps the project moving without creating an unauthorized commitment?

Accepted Answer

Continue the approved work and price the extra option for written authorization.

Answer

Develop the option now and negotiate the additional fee later.

Answer

Suspend all design work pending the client's signed scope amendment.

Answer

Charge the extra option to the remaining budget under the original fixed fee.

Question 3

A U.S. private design firm discovers that a covered, nonexempt CAD technician worked 46 hours in one workweek to meet a drawing issue date. The manager knew the work was being performed, but the technician had not obtained the written overtime approval required by firm policy. The hours are undisputed. Under the federal Fair Labor Standards Act, payroll should:

Accepted Answer

Pay all hours with the required overtime premium, then address the approval violation separately.

Answer

Pay approved hours now and defer the rest until the manager authorizes them.

Answer

Pay all reported hours at straight time because overtime was not authorized.

Answer

Pay the normal workweek and replace excess hours with time off next week.

Question 4

Smoke and intermittent crackling come from the locked electrical closet beside a design studio. Employees are still at their desks, and the marked exit route is clear. No employee is trained to investigate or fight an electrical fire. What takes priority over securing the studio's files and equipment?

Accepted Answer

Evacuate by the clear route and activate the emergency response plan.

Answer

Have facilities inspect the closet before activating the alarm, while nearby employees leave the area.

Answer

Ask the IT manager to shut down the servers, then evacuate once the shutdown is complete.

Answer

Keep the closet closed and move employees across the studio while maintenance investigates the source.

Question 5

Following completed projects, 50 client contacts answer the standard 0-10 Net Promoter Score recommendation question. Twenty-six give scores of 9-10, sixteen give scores of 7-8, and eight give scores of 0-6. Which Net Promoter Score and interpretation belong in the client-service report?

Accepted Answer

+36; the promoter share exceeds the detractor share by 36 percentage points.

Answer

+52; the percentage of promoters is the Net Promoter Score.

Answer

+53; the denominator contains only clients who are promoters or detractors.

Answer

+68; clients scoring 7 or 8 are counted with promoters before detractors are subtracted.

Question 6

An architecture firm is setting an hourly fee for an assignment performed entirely by its employees, with no subconsultant or reimbursable expenses. Direct wage cost is $48 per hour. Overhead is 150% of direct labor cost and includes all payroll burden and indirect expenses. The firm wants operating profit equal to 20% of net service revenue, with no billing write-downs. What hourly fee meets that margin?

Accepted Answer

$150 per hour

Answer

$144 per hour

Answer

$120 per hour

Answer

$90 per hour

Question 7

An owner signs one agreement with a construction company for both the design and construction of an office building. The company retains an architecture firm under a separate subcontract. The owner, architect, and construction team attend weekly coordination meetings, but there is no multiparty risk-sharing agreement. For contract administration, this delivery arrangement is:

Accepted Answer

Design-build

Answer

Design-bid-build

Answer

Construction manager at risk

Answer

Integrated project delivery

Question 8

Training records show that every designated approver passed the exercise for a new expense workflow and understands why it was introduced. Six weeks after launch, live reports still wait in the queue because those approvers lack permission to open them. A principal proposes repeating the training. In ADKAR terms, which intervention matches the demonstrated barrier?

Accepted Answer

Provide the missing permissions and verify successful live approvals, addressing the ability barrier.

Answer

Explain why the old process was replaced to strengthen awareness.

Answer

Offer incentives for using the workflow to increase desire.

Answer

Require managers to monitor completed approvals each week and recognize consistent use to reinforce the change.

Question 9

A proposal coordinator at a U.S. design firm covered by ADA Title I requests a screen magnifier because of a documented disability. An individualized review confirms that it would enable all essential duties, work with the firm's software, and create no undue hardship. The department head suggests leave until the employee can work without assistance. HR's appropriate response is to:

Accepted Answer

Provide the magnifier and keep the coordinator in the role with its essential duties intact.

Answer

Use medical leave until the coordinator can work without assistive equipment.

Answer

Transfer the coordinator to a vacancy with fewer visual demands.

Answer

Reduce essential duties until the coordinator can resume them without assistance.

Question 10

Counsel issues a legal hold covering a disputed renovation project. Relevant emails, team-chat records, and model versions are scheduled for routine deletion tonight. The signed agreement and final issued drawings are already archived. How should the records manager change tonight's retention actions?

Accepted Answer

Suspend deletion of relevant records, preserving their originals and metadata.

Answer

Keep the contract and final drawings; delete working records.

Answer

Export relevant records to PDF, then delete the native files once the exports are checked.

Answer

Preserve current files but apply the routine deletion policy to drafts and team chats.

Free CDFO Practice Questions

Domain 1: Operations

Question 1

Question 2

Domain 2: Project Management

Question 3

Question 4

Domain 3: Human Resources

Question 5

Domain 4: Marketing

Question 6

Question 7

Domain 5: Finance

Question 8

Question 9

Domain 6: Leadership

Question 10

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