Which of the following is not an ethical standard of managerial accounting?
A. Efficiency.
B. Credibility.
C. Confidentiality.
D. Competence.
E. Integrity.
Answer: A
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The department in an organization that is responsible for preparing the invoice approval form to document all of the information about a particular purchase is:
a. the human resources department. b. the purchasing department. c. the receiving department. d. the accounting department.
Uncollectible accounts expense is estimated to be 2 percent of net sales. Net sales for the period were $456,000 . The Allowance for Uncollectible Accounts account has a credit balance of $9,000 . The entry to record the uncollectible accounts expense is:
a. debit Allowance for Uncollectible Accounts, $120, credit Uncollectible Accounts Expense, $120. b. debit Uncollectible Accounts Expense, $120, credit Allowance for Uncollectible Accounts, $120. c. debit Allowance for Uncollectible Accounts, $9,120, credit Uncollectible Accounts Expense, $9,120. d. debit Uncollectible Accounts Expense, $9,120, credit Allowance for Uncollectible Accounts, $9,120.
The _____________________ involves who is the target audience, when to target them, what message to communicate, and what the appropriate timeline is.
a. Media planning b. Launch planning c. Creative planning d. Brand planning
Digital Storage, Inc, offers to sell provide cloud-computing services to Entrepreneur Enterprises, Inc, but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Entrepreneur Enterprisesaccepts the written offer. Digital Storage'sbest defense against enforcement of the contract is that Entrepreneur Enterprisesknew
a. a bilateral mistake supports the cancellation of a contract. b. a mistake of value supports the cancellation of a contract. c. a unilateral mistake supports the cancellation of a contract. d. the price was below the prices of comparable devices.