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QUESTION 8 The two accounting standards setting organizations concerned with Management Accounting are the Cost Accounting...

QUESTION 8

  1. The two accounting standards setting organizations concerned with Management Accounting are the Cost Accounting Standards Board and _________________.

    A.

    Institute of Management Accountants

    B.

    Securities and Exchange Commission

    C.

    Public Company Accounting Oversight Board

    D.

    Financial Accounting Standards Board

10 points   

QUESTION 9

  1. What goal on the Balanced Scoreboard uses engineering efficiency as a measure?

    A.

    New product introduction

    B.

    Product focus

    C.

    Design productivity

    D.

    Manufacturing learning

10 points   

QUESTION 10

  1. Among the new rules instituted as a result of the Sarbanes-Oxley Act, Chief Executive Officers and Chief Financial Officers are personally accountable for the accuracy of their organization's financial reporting.

    True

    False

Homework Answers

Answer #1

Q8. A. Institute of Management Accountants

The Institute of Management Accountants is concerned with setting accounting standards in Management Accounting .

Q9. C. Design productivity

Balanced Scoreboard uses engineering efficiency as a measure to Design productivity

Q10. True

Among the new rules instituted as a result of the Sarbanes-Oxley Act, Chief Executive Officers and Chief Financial Officers are personally accountable for the accuracy of their organization's financial reporting.

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