It is important to remember that each multiple-choice question is equally weighted on the CMA and CIA Exams. This means that your score will be the same whether you get the 80 most difficult questions on the exam correct or get the 80 easiest questions correct.
What does this mean for you when you are taking the exam? It means that if there is a long question with a lot of information or a question that you know will require a lot of calculations, you should:
- Make an educated guess and select an answer
- Mark the question
- Go on to the next question
If, at the end of the exam, you have time to go back and work on these long and difficult questions again, you can spend the time then. But, you do not want to run out of time and not be able to answer the last few questions, which might be very easy, because you spent a lot of time on a long and difficult question.
It is important to make a guess even if you don’t know the answer or have time to calculate the answer because there is no penalty for incorrect answers! If you leave a question blank and run out of time at the end of the exam, you will miss that question with 100% certainty. If you guess, you have a 25% chance of getting the question correct. If you do that on 4 questions, then you will statistically get one of them correct.
Why is one more correct answer important? Because for some people, that one question is the difference between passing and failing. So no matter what, be sure you choose an answer on every question, even if you have to guess.