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:

Foreign Consumers

Individuals or entities living or operating outside the producer's home country who purchase goods or services.

International Treaties

Formal agreements between two or more sovereign states or international organizations, governing relationships and setting terms on various issues.

Government Agency

An administrative unit of the government tasked with specific functions and duties.

Spacecraft

A vehicle designed for travel or operation in outer space.