The IMA Statement of Ethical Professional Practice Applies to

question 40

Multiple Choice

The IMA Statement of Ethical Professional Practice applies to

• A)All accountants.
• B)All CPAs.
• C)All members of the IMA.
• D)All of these ans choices are correct.

Understand the impact of sales mix on profitability and break-even analysis.

Analyze cost-volume-profit relationships to solve business problems.

Calculate the margin of safety in dollars and percentage to assess risk in sales projections.

Define and determine fixed, variable, semi-variable, and step costs.

---

Definitions:

Behavior Therapist

A mental health professional specialized in treating psychological disorders by focusing on modifying negative behaviors into positive ones.

Psychoanalytic

A branch of psychology that studies how unconscious motives and conflicts shape human behavior.

Rational-emotive

A form of psychotherapy that focuses on resolving emotional and behavioral problems by changing irrational beliefs into more rational ones.

Client-centered

A therapeutic approach emphasizing the importance of understanding the client's perspective and fostering a supportive, non-judgmental environment.