The Institute of Management Accountants' Code of Ethics

question 53

Multiple Choice

The Institute of Management Accountants' Code of Ethics

• A)is a legally enforceable contract with all management accountants.
• B)should be viewed as a goal for professional behavior.
• C)is a legally enforceable contract with all CPAs.
• D)provides ways to measure departures from ethical behavior.

---

Definitions:

Office Space

Premises leased or owned by businesses or professionals for the purpose of conducting office activities or operations.

Production Technique

The method or procedure involved in converting raw materials into finished goods or products.

Price of Labor

Price of Labor refers to the wages or salary paid to workers for their labor or services.

Price of Capital

The expense involved in using capital goods, often involving interest rates or rental costs for financial or physical capital.