The IMA Statement of Ethical Professional Practice Includes Which of the Following

question 9

Multiple Choice

The IMA Statement of Ethical Professional Practice includes which of the following components?

• A)Overarching principles of reprimand for apparent conflicts of interest
• B)Interpretations of principles
• C)Guidance for penalties for unethical conduct
• D)Internal controls useful in establishing a code of conduct

---

Definitions:

Factor Market

A marketplace where factors of production (e.g., labor, capital) are bought and sold.

Circular-Flow Diagram

A graphical outline that tracks the flow of monetary resources through markets, between companies and household sectors.

Households

Economic units consisting of all individuals who live together and make joint decisions regarding consumption and other financial matters.

Businesses

Entities engaged in commercial, industrial, or professional activities with the goal of generating profits.