Question 1

The IMA's confidential "Ethics Hotline" provides specific resolutions (answers)to IMA members who face ethical dilemmas.

Accepted Answer

A) True 
 B)False

Question 2

________ are owners of a company.

Accepted Answer

A)  Customers
B)  Shareholders
C)  Creditors
D)  ManagersE) A) and C)
F) B) and C)

Question 3

Which of the following certifications is issued by the IMA?

Accepted Answer

A)  CISA
B)  CFP
C)  CMA
D)  CPAE) None of the above
F) A) and C)

Question 4

Extensive Business Reporting Language (XBRL)will be required of both public and private companies.

Accepted Answer

A) True 
 B)False

Question 5

What is a business philosophy that focuses on providing customers with superior products and services?

Accepted Answer

A)  IFRS
B)  TQM
C)  ERP
D)  XBRLE) C) and D)
F) B) and D)

Exam 1: Introduction to Managerial Accounting

The IMA's confidential "Ethics Hotline" provides specific resolutions (answers)to IMA members who face ethical dilemmas.