According to the IMA Code of Ethics, What Should a Management

question 8

Multiple Choice

According to the IMA Code of Ethics, what should a management accountant do if a significant ethical situation can't be resolved?

• A) The accountant should confront the guilty party and demand the unethical action be stopped.
• B) The accountant should try to rationalize and understand the position of the other party.
• C) The accountant should say nothing about the matter until he or she has retired.
• D) The accountant should first discuss the matter with the immediate supervisor.

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Definitions:

Negative Consequences

Detrimental outcomes that result from actions or decisions.

Theory O Change

A change management approach focusing on organizational culture and employee involvement to drive long-term transformation.

Organisational Culture

The shared values, beliefs, norms, and practices that guide and shape the behavior of people within an organization.

Human Capital

Human capital represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization.