Answer:
B. procure-to-pay cycle.
Explanation:
Procure to pay -
It is the method of purchasing , requisitioning , accounting or paying for any services or goods .
It is the set of activities , which are needed firstly , to detect the need , to assign the supplier , approve it , acknowledge the receipt and at last payment to the supplier .
Hence , the correct term for the given statement is B. procure-to-pay cycle .
Answer:
B. fixed cost per unit increases
Explanation:
As we know that
If the production volume increases, the fixed cost per unit is decreases as it reflect an inverse relationship between the fixed cost per unit and the production volume
Let us take an example
Fixed cost = $20,000
Production volume = 100,000
Decrease in production volume = 80,000
So, the fixed cost per unit in the first case is
= 20,000 ÷ $100,000
= $0.2
And, the fixed cost per unit in the second case is
= 20,000 ÷ $80,000
= $0.25
Therefore, the fixed cost per unit increases
Answer: B! Contributions equalling free money
Explanation: A.PEX
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.