Section B: Select the answer for the following four Multiple choice questions Q4.1: Which of the following deals with management accounting? a. Developing budgets. b. Identifying the costs of acquiring the resources of the company. c. Preparing the statement of cash flows. d. Preparing the income statement. Q4.2: Financial accounting provides a historical perspective, whereas management accountin emphasizes a. the future b. reports to shareholders a current perspective C. d. past transactions Q4.3: According to the IMA Guidelines for Ethical Behavior, if there is an ethical conflict concerning your direct supervisor, when is it appropriate to contact authorities or individuals not employed by the organization? a. when there is a clear violation of the law b. when your supervisor is about to be promoted c. when there is a personal conflict d. when you face injustice from your supervisor Q4.4: Which of the following differentiates confidentiality and credibility under the Standards of Ethical Conduct, according to the IMA Guidelines for Ethical Behavior? a. Credibility deals with refraining from activities that would prejudice carrying duties ethically, while confidentiality deals with communicating information fairly and objectively. b. Credibility ensures appropriate level of professional expertise by continually developing knowledge and skills, while confidentiality encourages mitigation of actual conflicts of interest. c. Confidentiality deals with refraining from the usage of critical information for unethical or illegal advantage, while credibility ensures disclosing the relevant information that would help the intended user's understanding. d. Credibility deals with refraining from the usage of critical information for unethical or illegal advantage, while confidentiality ensures disclosing the relevant information that would help the user's understanding. 12 marks]

Select the answer for the following four Multiple choice questons Q4.1: Which of the following deals with management accounting? a. Developing budgets. b. Identifying the costs of acquiring the resources of the company. c. Preparing the statement of cash flows. d. Preparing the income statement. Q4.2: Financial accounting provides a historical perspective, whereas management accountion. emphasizes a. the future b. reports to shareholders c. a current perspective d. past transactions Q4.3: According to the IMA Guidelines for Ethical Behavior, if there is an ethical conflict concerning your direct supervisor, when is it appropriate to contact authorities or individuals not employed by the organization? a. when there is a clear violation of the law b. when your supervisor is about to be promoted c. when there is a personal conflict d. when you face injustice from your supervisor Q4.4: Which of the following differentiates confidentiality and credibility under the Standards of Ethical Conduct, according to the IMA Guidelines for Ethical Behavior? a. Credibility deals with refraining from activities that would prejudice carrying duties ethically, while confidentiality deals with communicating information fairly and objectively. b. Credibility ensures appropriate level of professional expertise by continually developing knowledge and skills, while confidentiality encourages mitigation of actual conflicts of interest. c. Confidentiality deals with refraining from the usage of critical information for unethical or illegal advantage, while credibility ensures disclosing the relevant information that would help the intended user's understanding. d. Credibility deals with refraining from the usage of critical information for unethical or illegal advantage, while confidentiality ensures disclosing the relevant information that would help the user's understanding