Certified Management Accountants (CMA) must complete a specified number of continuing professional education credits each reporting period. Which of the four standards of ethical conduct issued by the Institute of Management Accountants likely motivated this requirement?

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


Answer: C

Business

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Which of the following items is not contained in the standard report on a review of separately issued interim financial statements of public companies?

a. A description of the information reviewed. b. A statement indicating that the standards of the PCAOB were followed in performing the review. c. A description of the nature of the review. d. Positive assurance that the auditor is not aware of any material departures from GAAP.

Business

________ provides a model for an information system solution and consists of all the specifications that will deliver the functions identified during systems analysis.

a. An alternative selection process b. An information requirements analysis c. A feasibility study d. A testing plan e. A systems design

Business

Which of the following statements comparing preferred stock to other financial instruments is NOT true?

A) Like common shares, preferred dividends are after-tax payments for the firm. B) Like bonds, preferred shares are issued with a face value. C) Like bonds, most preferred shares have maturities of up to 30 years. D) Like common shares, preferred dividends are typically paid quarterly.

Business

Travel costs in the project costs estimate are for

a. travel (other than local travel) required during the project. b. all travel by the organization. c. travel costs for local meetings. d. travel for conferences that may not be related to the project.

Business