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The four areas in which standards of ethical conduct exist for management accountants in the united states are.
(1) Competence, (2) Confidentiality, (3) Integrity, and (4) Credibility. These standards are set by the Institute of Management Accountants (IMA).
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What is Institute of Management Accountants?</h3>
- The National Association of Cost Accountants, which eventually became Institute of Management Accountants, was established in Buffalo, New York in 1919. Its main office is in Montvale, New Jersey, in the United States, and it also has regional offices there as well as in Europe, the Middle East, and India.
- It established the management accounting practices committee in 1969 with the mandate of advancing management accounting as a primary field of study consistent with Institute of Management Accountants viewpoints.
- Twelve people from different accounting bodies, including the FASB and other well-known regulatory bodies, made up the group.
- The Institute of Management Accountants representatives were commended for their knowledge of accounting. Later, the committee combined with the Foundation for Applied Research to establish the MAC/FAR committee.
To learn more about Institute of Management Accountants with the given link
brainly.com/question/8339611
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Answer:
D: Optimum Order size
Explanation:
Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.
Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.
The last one. hope it helps!
