Which Item Is NOT an Indication of Competence Under the CIMA

question 38

Multiple Choice

Which item is NOT an indication of competence under the CIMA Code of Ethics?

• A)Maintain an appropriate level of professional expertise by continually developing knowledge and skills.
• B)Perform professional duties in accordance with relevant laws,regulations,and technical standards.
• C)Keep information confidential except when disclosure is authorised or legally required.
• D)Provide decision support information and recommendations that are accurate,clear,concise,and timely.

Determine fixed, variable, and total costs at specific activity levels.

Interpret personnel and direct labor expenses in planning budgets across different months.

Analyze selling and administrative expenses within budgeting contexts.

Comprehend the calculation and implications of spending variances for specific cost categories.

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Definitions:

Produce

To create, manufacture, or grow goods and commodities, especially in the context of agriculture and manufacturing.

Variable Costs

Costs that change in proportion to the level of production or business activity.

Fixed Costs

Costs that do not vary with the level of production or output and are incurred even if the business is producing nothing.

Total Revenues

The gross income generated by a business through its sales activities, prior to the deduction of any operating expenses.