13. Overlooking the existance of an inappropriate contractual relationship between your supervisor and a third party supplier to your company is a violation of which standard of ethical professional practice according to the IMA?

Group of answer choices

Integrity, Competence, Independence, Credibility, Objectivity, Confidentiality, Disclosure

2. The unit of analysis for managerial accounting information is most often NOT:

Group of answer choices

A. The consolidated corporate level

B. The product line level

C. The facility level

D. The department level

E. The operating unit level

7. Which of the following is least likely to be a benefit associated with JIT systems?

Group of answer choices

A. Cost reductions

B. Increased visibility into resource requirements

C. Increases in lead time due to additional complexities of coordination

D. Improvements in information sharing across the organization

9. Which of the following is a correct statement relating to the balanced scorecard? (Mark all that apply)

Group of answer choices

A. It is a collection of performance measures that track an organization's progress toward achieving its goals.

B. It uses both financial and non-financial performance measures.

C. The balanced scorecard can be viewed as a 'waterfall' in which financial goals cascade down into customer performance, operating capabilities and learning and growth performance measurements

D. It was developed in the early 1990s by David Norton and Robert Kaplan.

E. The selection of specific performance measures used is predetermined as a part of the balanced scorecard framework.

15. Which of the following is not a standard of the IMA statement of ethical professional practice? (mark all that apply)

Group of answer choices

Independence

Integrity

Disclosure

Objectivity

Confidentiality

Competence

Credibility

16. Assume you are planning a spring break ski trip to Colorado. You are preparing a budget of your costs. You are staying at a lodge that has a special where the lodge charges you $80 per week for the ski lift regardless of how many times you ride. You believe you will ride the ski lift 40 times during the week. The ski lift cost is an example of a

Group of answer choices

mixed cost.

fixed cost.

variable cost.

step cost.

17. Which of the following is an example of a variable cost for a bicycle manufacturer?

Group of answer choices

Tires

Rent

Insurance

Depreciation

18. Assume you are planning a spring break ski trip to Colorado. You are preparing a budget of your costs. You are staying at a lodge that has a special where the lodge charges you $2 for each ski lift ride. You believe you will ride the ski lift 40 times during the week, so you budget $80. The ski lift cost is an example of a

Group of answer choices

variable cost.

step cost.

mixed cost.

fixed cost.

19. Assume you are planning a spring break ski trip to Colorado. You are preparing a budget of your costs. You are staying at a lodge that has a special where the lodge charges you $25 for the first 30 ski lift rides and an additional charge of $5 for each ride in excess of 30. You believe you will ride the ski lift 40 times during the week, so you budget $75. The ski lift cost is an example of a

Group of answer choices

fixed cost.

mixed cost.

step cost.

variable cost.

20. If the level of activity increases within the relevant range:

Group of answer choices

A. variable cost per unit increases and total fixed costs increase

B. total does not decrease and fixed cost per unit decreases.

C. variable cost per unit decreases and total cost increases. variable cost per unit increases and fixed cost per unit decreases

D. fixed cost per unit increases and total variable cost increases

21. Suppose your cell phone company offers a plan under which you can buy time in blocks of 100 minutes. Every 100-minute block costs $15. If you use 101 minutes you will pay $30. This is an example of a

Group of answer choices

step cost

variable cost

mixed cost

fixed cost

22. Suppose your cell phone company offers a plan under which you buy time per minute. A one-minute call costs you $0.10. If you talk 100 minutes it costs you $10. This is an example of a

Group of answer choices

fixed cost

mixed cost

step cost

variable cost