Below Is a Statement from the Institute of Management Accountants

question 139

Multiple Choice

Below is a statement from the Institute of Management Accountants' Statement of Ethical Professional Practice. "Communicate information fairly and objectively."
It is an example of _____.

• A)competence
• B)confidentiality
• C)integrity
• D)objectivity

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Definitions:

Overall Profits

The total financial gain obtained by a business after subtracting all expenses from the revenue.

Manufacturing Expense

Costs directly associated with the production of goods, including materials, labor, and factory overhead expenses.

Single Product

A business strategy or production model focused on the manufacture or sale of one specific product.

Production Cost

The total expense incurred in manufacturing a product, including raw materials, labor, and overheads.