Which of the Following Actions Should a Management Accountant Take

question 18

Multiple Choice

Which of the following actions should a management accountant take first in confronting a potential ethical conflict concerning your direct supervisor?

• A) Inform the Board of Directors of the existence of a potential conflict.
• B) Clarify relevant ethical issues by initiating a confidential discussion with an IMA Ethics Counselor.
• C) Consult the attorney as to legal obligations and rights concerning the ethical conflict.
• D) Follow the organization's procedures concerning resolution of such a conflict.

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Definitions:

Organizations

Structured groups of people with specific purposes or goals, working together to achieve them.

Utilitarianism

An ethical theory suggesting that the best action is the one that maximizes utility, usually defined as maximizing happiness and reducing suffering.

PR Professional

An individual specialized in public relations, responsible for handling communication between organizations and the public.

PR Ethics

The principles that guide the professional conduct and decision-making of public relations practitioners, focusing on honesty, transparency, and societal responsibility.