4. A management accountant must Mitigate actual conflicts of interest, regularly communicate with business associates to avoid apparent conflicts of interest, and advise parties of any potential conflicts. Under the Standards for Ethical Professional Practice, this falls under the category of

1. Competence
2. Confidentiality
3. Integrity
4. Objectivity (or Credibility)
5. None of the above

_____5.. A management accountant must Report any delays or deficiencies in information, timeliness, processing, or internal controls in conformance with organization policy and/or applicable law. Under the Standards for Ethical Professional Practice, this falls under the category of

1. Integrity
2. Competence
3. Confidentiality
4. Credibility
5. None of the above

_____6. Support department costs are always included in which of the following in the revenue-generating department costs

1. Only beginning balances
2. Direct materials
3. Direct labor
4. Manufacturing overhead
5. None of the above

_____7. Conceptually, a cost pool includes

1. All the costs with the same cost driver
2. Gallons of water
3. All the costs allocated to a single unit of product
4. All costs required to get the product into a saleable condition
5. None of the above

8. In which of the following support department cost allocation methods may the order of allocation make a difference

1. Sequential (or Step) Method
2. Direct Method
3. Reciprocal Method
4. It makes a difference regardless of the method
5. None of the above