Test Bank for Cost Management A Strategic Emphasis 5th Edition Multiple Choice Questions
Test Bank for Cost Management A Strategic Emphasis 5th Edition Multiple Choice Questions
The Institute of Management Accountants' standards of ethical conduct for management accountants includes the elements of:
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Answers
1. A.Competence, confidentiality, integrity, and relevance. - Given
2. B. Competence, confidentiality, integrity, and credibility.
3. C. Competence, confidentiality, independence, and objectivity.
4. D. Competence, accuracy, integrity, and independence.
According to the IMA Code of Ethics, what should a management accountant do if a significant ethical situation can't be resolved?
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Answers
1. A.The accountant should confront the guilty party and demand the unethical action be stopped.
2. B. The accountant should try to rationalize and understand the position of the other party.
3. C. The accountant should say nothing about the matter until he or she has retired.
4. D. The accountant should first discuss the matter with the immediate supervisor.
The strategy map is a tool that is used
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Answers
1. A.as one of the key aspects of the contemporary management environment
2. B. to enhance the sustainability of the organization
3. C. to link the perspectives of the balanced scorecard
4. D. to organize the critical success factors of a company
5. E. to implement strategy
Which of the following is the primary user of management accounting information regarding business units?
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Answers
1. A. Company management.
2. B. Investors.
3. C. Creditors.
4. D. Industry and governmental organizations.
When managers produce value for the customer, their orientation consists of all the following except:
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Answers
1. A.Quality and Service.
2. B. Timeliness of delivery.
3. C. The ability to respond to the customer`s desire for specific features.
4. D. State of the art manufacturing facilities.
If a firm decided to reevaluate and reorganize the way it did
The Institute of Management Accountants' standards of ethical conduct for management accountants includes the elements of:
Mark - incorrect
Answers
1. A.Competence, confidentiality, integrity, and relevance. - Given
2. B. Competence, confidentiality, integrity, and credibility.
3. C. Competence, confidentiality, independence, and objectivity.
4. D. Competence, accuracy, integrity, and independence.
According to the IMA Code of Ethics, what should a management accountant do if a significant ethical situation can't be resolved?
Mark - Incorrect
Answers
1. A.The accountant should confront the guilty party and demand the unethical action be stopped.
2. B. The accountant should try to rationalize and understand the position of the other party.
3. C. The accountant should say nothing about the matter until he or she has retired.
4. D. The accountant should first discuss the matter with the immediate supervisor.
The strategy map is a tool that is used
Mark - Incorrect
Answers
1. A.as one of the key aspects of the contemporary management environment
2. B. to enhance the sustainability of the organization
3. C. to link the perspectives of the balanced scorecard
4. D. to organize the critical success factors of a company
5. E. to implement strategy
Which of the following is the primary user of management accounting information regarding business units?
Mark - Incorrect
Answers
1. A. Company management.
2. B. Investors.
3. C. Creditors.
4. D. Industry and governmental organizations.
When managers produce value for the customer, their orientation consists of all the following except:
Mark - Incorrect
Answers
1. A.Quality and Service.
2. B. Timeliness of delivery.
3. C. The ability to respond to the customer`s desire for specific features.
4. D. State of the art manufacturing facilities.
If a firm decided to reevaluate and reorganize the way it did