QUESTION 4

1. Key organizational strategies are Product/service differentiation strategy and _______________.

   	A.	Cost strategy
   	B.	Cost leadership and differentiation strategy
   	C.	Core Competency
   	D.	Cost leadership strategy

QUESTION 5

1. Cost Accounting information is used only in Managerial Accounting.

   True

   False

QUESTION 6

1. Which of the four IMA ethical standards applies to the following statement...

   In your role in supervising the physical inventory count for the first time, you notice that some lots of inventory are not tagged. Although you are uncertain as to the monetary value, you conclude that it is not important enough to bother your manager at 11 p.m.

   	A.	Integrity
   	B.	Creditibility
   	C.	Competence
   	D.	Confidentiality

QUESTION 7

1. The following are common organizational constraints except for:

   	A.	Monetary capital
   	B.	Intellectual capital
   	C.	Technology
   	D.	Economical