If an entity has outstanding bonds with a sinking fund provision and if interest rates have
<List A> since the bonds were issued, the entity would realize a savings in meeting its sinking fund obligations by <List B>.

• A.Option A
• B.Option B
• C.Option C
• D.Option D

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Because changes in accounting estimates relate to changes in circumstances in the [List A] period, they should be reported [List B]_ List A List B:

• A.Option A
• B.Option B
• C.Option C
• D.Option D

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A cost-volume-profit model developed in a dynamic environment determined that the estimated parameters used may vary between limits. Subsequent testing of the model with respect to all possible values of the estimated parameters is termed:

• A.A sensitivity analysis.
• B.Statistical estimation.
• C.Statistical hypothesis testing.
• D.A time-series study.

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Which of the following is not true about the advantages of adopting ISO 9000 standards?

• A.Adoption of ISO 9000 standards may allow an entity to sell products in foreign markets.
• B.ISO registration makes customers more comfortable with the supplier's products and services.
• C.ISO 9000 allows entities to understand who internal customers and users are without sharing private information.
• D.ISO registration may help entities discover internal process and quality improvements.

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Which of the following statements pertaining to a market skimming pricing strategy is not true?

• A.The strategy is favored when unit costs fall with the increase in units produced.
• B.The strategy is favored when there is insufficient market capacity and competitors cannot increase market capacity.
• C.The strategy is favored when buyers are relatively insensitive to price increases.
• D.The strategy is favored when high price is perceived as high quality.

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