Question 22 (1 point) Which of the following is part of managing and improving business processes and striving to eliminate waste in a company's products, services, and processes? 0 Lean production business model 0 Motivating Question 23 (1 point) For internal uses, managers are more concerned with receiving information that achieves which of the following standards? 0 Relevant, completely accurate, and precise. 0 Completely objective and verifiable. 0 Completely accurate and precise. 0 Relevant, flexible, and timely. Question 24 (1 point) Professional accounting body in Canada (CPA) require their members to undertake professional development and/or continuing education. This practice is intended to directly satisfy which of these rules of ethical conduct in line with other code of ethics? 0 Competence. O Integrity. O Objectivity. 0 Confidentiality. Which of the following groups should be the focal point of a company's strategy? 0 Target customers 0 Board of directors 0 Shareholders 0 Employees Question 26 (1 point) How would the cost of rent for a manufacturing plant generally be best classified? 0 Both a prime cost and product cost. 0 A prime cost but NOT a product cost. 0 NEITHER a product nor prime cost. 0 A product cost but NOT a prime cost. Question 27 (1 point) The advertising costs incurred by Pepsi to air its commercials during the hockey season can best be described as a: 0 Prime cost. 0 Conversion cost. 0 Variable cost. 0 Fixed cost. Question 28 (1 point) Which of the following would NOT be treated as a product cost for external financial reporting purposes? 0 Indirect labour in the factory. O Depreciation on a factory building. 0 Advertising expenses. 0 Salaries of factory workers. Question 29 (1 point) Prime costs consist of: 0 Direct Labour and Manufacturing Overhead. 0 Direct Material and Manufacturing Overhead. 0 Direct Material, Direct Labour and Manufacturing Overhead. 0 Direct Material and Direct Labour. Question 30 (1 point) What does manufacturing overhead cost consist of? 0 Indirect labour but NOT indirect materials. 0 All manufacturing costs. 0 Indirect materials but NOT indirect labour. 0 All manufacturing costs, EXCEPT direct materials and direct labour