Which of the Following Is Not an Ethical Behavior of Practitioner's

question 43

Multiple Choice

Which of the following is not an ethical behavior of Practitioner's of Management Accounting and Financial Managers?

• A)Maintains an appropriate level of professional expertise by continually developing knowledge and skills.
• B)Performs professional duties in accordance with relevant laws,regulations,and technical standards.
• C)Provides decision support information and recommendations that are accurate,clear,concise,and timely.
• D)Permits the executives to accept bribes to award supply contracts to foreign firms.
• E)Ensures that all employees understand that value is quickly destroyed by unethical behavior in other countries.

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Definitions:

Average Total Cost

The total cost of production divided by the total quantity produced.

Monopolistically Competitive Firms

Companies in a market structure where many firms sell products that are similar but not identical, competing on factors besides price.

Economic Profits

The financial gain exceeding the total costs, including both the explicit and implicit costs, of a business operation.

Long Run

A period in economics sufficient for all markets to adjust to equilibrium, including the production and entry and exit of firms.