Answer:
The correct answer is option (A) . Objectivity is not one of the ethical standards included in the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice.
Explanation:
The Institute of Management Accountants (IMA) Statement of Ethical Professional Practice are integrity, competence, credibility and confidence.
<u>Integrity.</u> Management accountants are also required to uphold very high levels of integrity. The ethical standards therefore require them to avoid any conduct that would prejudice carrying out duties ethically.They are also required to contribute to a positive ethical culture by shunning any activity that might discredit the profession.
<u>Competence.</u> As a measure of ensuring high competency levels,the Institute of Management Accountants (IMA) requires management accountants to sustain a high degree of professional expertise.They urge management accountants to consistently expand their knowledge and skills.
<u>Credibility.</u> The ethical standards championed by the Institute of Management Accountants (IMA) also emphasizes a high level of credibility. It asserts that management accountants should communicate information fairly and objectively, providing all relevant information that could reasonably be expected to influence judgment.
<u>Confidentiality.</u> All management accountants are required to retain a high level of confidentiality.The ethical standards prescribes that all information obtained while performing their tasks should be kept confidential except when disclosure is authorized or legally required. Additionally, confidential information should not be used for unethical or illegal advantage.
Answer: False
Explanation:
Negotiation is a dialogue taht takes place between two to more individuals so that a common stand can be reached on a subject.
Group-oriented negotiators are concerned about the interest of their teams or groups and not their own interests. Therefore, the above question is wrong.
The LIFO method is used to calculate the precent of retail and Current cost to retail % is 67 percent.
<u>Explanation:</u>
Ending inventory at retail as on 12/31/2022 converted to cost = 50600 by1.1 = 46000
Inventory as on 12/31/2021 converted to cost = 42400 by 1.06 = 40000
Inventory added during 2021 = 40,000 minus 30,000 = 10,000
Inventory added during 2022 = 46000 minus 40000= 6000
Inventory layers at base year retail prices:
Beginning inventory = 30000 into 1 into 70% = 21000
Layers added during 2021 = 10000 into 1.06 into 80% = 8480
Layers added during 2022 =6000 into 1.1 into 67% = 4422
Inventory as on 31/12/2022 at cost = 21000 plus 8480 plus 4422 = 33902
Therefore, Current cost to retail % = 66330 by 99000 = 67%
alejo knows that the actions that made him successful in the hotel industry may not work in the manufacturing industry. the two industries have very different environments. contingency theories
Leaders have resorted to the study of organisational behaviour to assist in enhancing the working environment for their workforce in order to make sure that businesses run efficiently. To more accurately predict and control an employee's level of motivation, organisational behaviour studies examine how they behave in the workplace. When using organisational behaviour data, however, there are a number of situational aspects that must be considered. According to the contingency theory, commonly referred to as the situational approach to management theory, situational factors can influence the connections between dependent and independent variables in the workplace, which can then affect employee behaviour, motivation, and effectiveness. The specific contingency theories of the particular organisation must be taken into account if organisational data analysis and employee motivation are to be successful. In accordance with the contingency hypothesis.
Learn more about contingency theories here
brainly.com/question/1610360
#SPJ4
Answer:
Elements in the labor relations process does not include Outsourcing.
Explanation:
A 'labor union' represents the group of workers who deal with the management in case there are any disputes regarding the wages, working hours, and working conditions of the labors. The labor relations process is the process that results in a relation between union and management.
This process has three phases in the process of creation of the union-management relationship. They are: organizing a union, negotiation of the labor agreement, and agreement administration. In other words, beginning with formation of labor, then a collective bargaining to form a labor agreement and then finally administering the labor agreement, constitutes of labor relations process.
So, this process does't include Outsourcing.