Reference no: EM132583154

Question 1. Which  of the following is statements is true?

a) Corporate social responsibility requires compliance with existing laws, regulations, and standards.

b) It is difficult for the public to assess the quality of the services provided by a management accountant.

c) Management accountants are only responsible for the integrity of financial information provided to internal users.

d) The professional commitment of management accountants is to the managers of their organizations.

Question 2. In the nexus-of-contracts model, decision making is normally separated from monitoring for which of the following reasons?

a) Classes of participants within the firm are set apart from one another.

b) It makes sense to have agents monitor themselves

c) Because moral hazard problems exist.

d) Once risk is shared, individuals usually make as much effort to avoid harm as when risk is not shared.