question. ost ie ne anterhative that best completes the statement or answ 1) Which of the following statements about the cost-benefit approach is true? A) Resources should be spent if the costs of a decision outweigh the benefits of the decision ) A cost-benefit approach would not be appropriate for a decision to install a budgeting system. C) In a cost-benefit analysis, both costs and benefits are not easy to measure. D) Resources should be spent if the expected costs exceed the expected benefits of the company. 2) Which of the following statements is true of performance reports? A) The performance report compares only the budgeted performance over the years. B) The performance report shows actual performance as compared to the budget C) The performance report contains no actual results due to confidentiality. D) The performance report depicts the performance of a firm's competitors 3) Processing orders and shipping products or providing services to customers is known as A) distribution B) supply chain C) marketing D) after-sales services 4) If there individuals not employed by the organization? is an ethical conflict concerning your direct supervisor, when is it appropriate to contact auth A) when your supervisor is about to be promoted B) when you face injustice from your supervisor C) when there is a personal conflict D) when there is a clear violation of the law 5) Financial accounting is concerned primarily with A) providing information for strategic and tactical decisions B) product design and marketing strategies C) cost planning and cost controls D) external reporting to investors, creditors, and government authorities 6) If there is an ethical conflict concerning your direct supervisor, you may contact A) board of directors B) IMA Ethics Counselor C) local media D) attorney 7) For merchandising companies, inventoriable costs include A) outgoing freight costs B) incoming freight costs C) distribution costs D) sales costs