When there is an ethical conflict, the management accountant should resign if the immediate supervisor is involved in the conflict
Indicate whether the statement is true or false
False
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Which of the following observations concerning backdating of options is true?
a. It will not result in restatement of financial statements. b. The extraordinary timing and frequency of occurrences defied statistical probability. c. There is no concrete evidence that managers gained because of this practice. d. It is an accepted means of compensating managers who perform exceedingly well.
Lauren and Juan are working to identify the work processes that create Acme Global’s products. They are beginning with the organizational output. Next they will identify the tasks and the inputs. The tool they are using is ______.
A. job design B. job specification C. workflow analysis D. hoteling
Which type(s) of activities are flexible budgets most useful for?
A) Operating activities B) Control activities C) Planning activities D) Both control and planning activities
Fox Manufacturing At the beginning of the year, Fox Manufacturing had budgeted for the production and sale of 24,000 units. The standard sales price and variable costs per unit were budgeted to be $20.00 and $8.00, respectively. Actual sales for the year totaled 21,000 units, and the actual sales price and variable costs per unit were $19.50 and $8.00, respectively. Both budgeted and actual fixed
costs were $20,000. Refer to the Fox Manufacturing information above. What was Fox's sales price variance for the year? A) $10,500 F B) $10,500 U C) $12,000 F D) $12,000 U