The Standards of Ethical Conduct for Managerial Accountants Include

question 58

Multiple Choice

The standards of ethical conduct for managerial accountants include

• A) competence and performance.
• B) integrity and respect for others.
• C) confidentiality, confidence, integrity, and observance.
• D) competence, confidentiality, integrity, and credibility.

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Definitions:

Corporations

Legal entities that are separate and distinct from their owners, with the ability to own assets, incur liabilities, and engage in business activities.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Business-related Debts

Financial obligations incurred in the course of conducting business activities, such as loans, lines of credit, and other forms of borrowing.

Partnerships

A business structure in which two or more individuals manage and operate a business in accordance with terms and objectives set out in a Partnership Agreement.