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TMA Certified Turnaround Professional (CTP) VIP Practice Exam
TMA — The Turnaround Management Association (TMA) administers the Certified Turnaround Professional (CTP) examination, a 150-question multiple-choice exam with a 3-hour time limit and a passing score of approximately 70%, covering business assessment, financial restructuring, bankruptcy law, operational turnaround, and stakeholder management.
30
Questions
180m
Time Limit
70.00%
To Pass
Question 1 of 30👑 VIP
A mid-sized manufacturing company has seen its EBITDA margin compress from 14% to 3% over 18 months. The CFO attributes this to a raw material cost spike, but your preliminary review shows SG&A has grown from 18% to 27% of revenue. Which statement BEST describes the appropriate first step for the turnaround professional?
Questions 2–30 and full explanations are VIP-exclusive.