Five 5 isters Consultation has issued a report recommending changes for its newest manufacturing client 5 uper 80ard. Super Board is currenty manufacturing a single product which is sold and distributed nationally. Which of the following statement in the report suggest innovation as a key success factors for enhancing business performance? A. For total fevenue to increase and to reduce the overal's risk 5 uper Board should introduce a new product. 8. Super Board should reduce the time taken to set up machines for the product the company launch last year. C. The training hours to assembly lne workers should be increased to rectuce waste and sorap. D. The cornpany's gross margin percentage shoold be benchmarked against its major competitors: Which of the following differentiates confidentiality and credibilify under the lMA's Statement of Ethical Professional Practice? fairty and objectively, Information that would help the intended user's understandirig information that would help the user's understandingactual contlicts of interest. QUESTION B A. Resources should be spent if they are expected to better attain company goals in relation to the expected costs of these resources. B. In a cost-benefit analyeis, both costs and benefits are pasy to obsain. C. Cost-benefit approach would not be appropriate for a decision to Install a budget system of not. D. Resources should be spent in the costs of - decision outweigh the benefits of the itecision. Identify which of the following action is NOT related to a planning decision. A. The marketing team is considering how to get their market shares from its newest competitor. B. The Chief Financial Officer is comparing the actual amount spend on the current product with the amourt that has been budgeted. C. The Chief Financial Officer provided the budgeted amount to be spent for the next year to all department managers. D. The production department is asked to consider alternative ways to reduce its overhead costs. QUESTION 10 One of the management accounting guidelines is behavioral and technical consideration. Which item below applies to this approach? A. Considering the desirability of hiring one more salesperson. B. introducing a profit-sharing plan for employees: C. Including costs of all the value chain functions before deciding to launch a new product, but including only manufacturing costs in deterthining its in valuation. D. Hiring a new employee in department rather than purchasing a new software package. Product costs may refer to A. inventoriable costs for external reporting B. All of these answers are correct C. all costs incurred along the value chain for pricing decisions D. design costs plus manufacturing costs for government contracts Five Sisters Consultation has issued a report recommending changes for its newest manufacturing client Super Board. Super Board is currently manufacturing a single product which is sold and distributed nationally. Which of the following statement in the report suggest innovation as a key success factors for enhancing business performance? A. The company's gross margin percentage should be benchmarked against its major competitors. B. For total revenue to increase and to reduce the overall's risk Super Board should introduce a new product. C. Super Board should reduce the time taken to set up machines for the product the company launch last year. D. The training hours to assembly line workers should be increased to reduce waste and scrap
