Which of the following is not a requirement of management accounting information to meet its objectives? a. profit measurement c. standards for controlling b. basis for decision-making d. perfect information 6. The ethical standards established for management accountants are in the areas of a. competence, licensing, reporting and education. b. budgeting, cost allocation, product costing, and insider trading. c. competence, confidentiality, integrity, and objectivity. d. neutrality, independence, competence, and reliability 7. Management accountants should attempt to resolve ethical issues by first a. discussing the problem with a person in authority b. reporting the problem to an external authority c. clarifying the issues through a confidential discussion with an objective advisor d. any of the above 8. Integrity is an ethical requirement for all management accountants. One aspect of integrity requires a. Performance of professional duties in accordance with applicable laws. b. Maintenance of an appropriate level of professional competence c. Refraining from improper use of inside information d. Avoidance of conflict of interest 9. Which of the following describes internal reports? a. They are often audited by CPAs. c. They are aggregated. b. They are highly regulated by the SEC. d. They are detailed. 10. The term "relevant range" as used in cost accounting means the range over which a. cost may fluctuate. c. cost behavior is not valid b. cost relationships are valid d. relevant costs are incurred 11. Over the relevant range, total revenues, and total costs a. remain constant c. equal b. Decrease d Can be graphed as straight line