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The standards of the Society of Management Accountants Code of Professional Ethics include

The standards of the Society of Management Accountants Code of Professional Ethics include which of the following?

A) Integrity

B) Honesty

C) Fairness

D) Objectivity

12) Categorize each of the following activities as to which management responsibility it fulfills:

planning, directing, controlling, or decision making.

a. The decision to increase sales in the next fiscal period.

b. Using production cost information to determine sales prices.

c. Conducting variance analysis by comparing actual results to the budgeted amounts

d. The decision to expand an existing factory.

a. Planning

b. Decision making &/or Directing

c. Controlling

d. Controlling &/or decision Making

13) Categorize each of the following activities as to which management responsibility it fulfills:

planning, directing, controlling, or decision making.

a. The manger investigates why the actual hours spent on a task exceeded the standard hours allowed.

b. Creating the budget for the upcoming fiscal period.

c. Designing a new incentive program for the upcoming fiscal period.

d. Posting the staffing schedule for the next week.

Dec 06 2019 View more View Less

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