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Why do Capital Budgeting and ERM feel easy to read but hard to answer?

  • 1.  Why do Capital Budgeting and ERM feel easy to read but hard to answer?

    Posted 01-27-2026 07:56 AM

    While studying for CMA Part 2, I noticed this mostly in Capital Budgeting and ERM.

    In theory, everything looks clear.
    But in MCQs and essays, I often hesitate between two options or feel unsure how to structure my answer.

    What helped me was focusing less on memorising and more on:
    why one option is correct,
    and why the other is not.

    For essays, I also stopped writing everything I knew and started writing only what the question really asked.

    Just curious:
    Do you also find these two areas harder in questions than in theory?

    I wrote my thinking into short personal notes while studying.
    These are my personal notes, not official study material.

    Click here for my personal notes.

    Would love to hear how others approach Capital Budgeting, ERM, and essay answers.



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    Tushar Sahu
    Student
    Kumhari CT
    India
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