$8.$ Costing system design:

a$.$ requires an understand of the business.

b$.$ should provide useful cost information to support decision making.

c$.$ should not be too expensive to implement and use.

d$.$ all of these answers are correct.

$9.$ In recent years greater emphasis has been placed on firms improving social and environmental

responsibilities in the production and sale of products. What is the best way the management

accountant can support organizational efforts to improve sustainability?

a$.$ Increase accounting internal controls.

b$.$ Develop and implement a legal staff and public relations staff for dealing with sustainability

issues that may affect the firm.

c$.$ Develop and implement a sustainability scorecard.

d$.$ Increase risk management activities related to direct labor

$10.$ The Institute of Management Accountants' Statement of Ethical Professional Practice for

management accountants includes the elements of:

a$.$ Competence, confidentiality, integrity, and relevance.

b$.$ Competence, confidentiality, integrity, and credibility.

c$.$ Competence, confidentiality, independence, and objectivity.

d$.$ Competence, accuracy, integrity, and independence.