Yes. And no. 🙂 I haven't taken the CMA yet, but for the CPA…
The Simulations on the CPA exam are similar sometimes to the questions you're describing – it may lay out several aspects of a complicated situation and then ask 10 questions to do with it.
However, for the MCQ part of the exam, it would present a simpler version of the problem. It might still throw in some facts that you don't need, but it wouldn't be as much as the SIMs.
In order to avoid appearing to be disclosing exam content…I'll use baking for an example. An MCQ might say:
Chris is taking brownies to a birthday party. In order to arrive on time, the brownies need to be ready to go out the door by 5:10pm. The brownies require:
1 pkg mix
2 eggs
1/2 cup oil
The brownies are supposed to bake for 45 minutes in a preheated oven (preheating takes 10 minutes). Before Chris can package the brownies to take to the party, they will need to cool for 15 minutes. What time does Chris need to go to the kitchen to ensure that the brownies are ready in time?
The SIM might say:
Chris is taking goodies to a birthday party. In order to arrive on time, everything needs to be ready to go out the door by 5:10pm.
Brownies require:
1 pkg mix
2 eggs
1/2 cup oil
5 minutes preparation; 45 minutes to bake; 15 minutes to cool down
Cupcakes require:
1 pkg mix
3 eggs
1/2 cup oil
1/4 cup water
5 minutes preparation; 30 minutes to bake; 30 minutes to cool before icing; 15 minutes total to ice
Ice cream requires:
1 gallon ice cream
30 cones
10 minutes to drive each way to store; 10 minutes in store to purchase
Chex Mix requires:
1 box Chex Multi-grain
1 pkg pretzels
1 pkh Chex Mix seasoning
10 minutes to prepare
Peanut butter cookies require:
1 pkg mix
1 egg
1/3 cup oil
1/4 cup water
30 minutes preparation; 10 minutes to bake; 5 minutes to cool
The oven will require 10 minutes to preheat before baking the first item but will not require preheating between items. Preparing a shopping list will take 15 minutes. The store for the ice cream and the store for the baked goods are not the same. The drive time to the baking store is 5 minutes; shopping there will take 15 minutes.
1. In order for Chris to have the goodies prepared on time, what time does Chris need to start preparations?
2. How many eggs does Chris need to buy?
3. How much oil does Chris need to have?
4. If ice cream is $3 per quart, how much will Chris spend on ice cream?
5. How much total time will Chris use the oven?
6. Which of the following is the most efficient order to bake the baked goods in? (Cupcakes first so that they can cool and be iced before everything else is done; peanut butter cookies last since they have the shortest cool time.)