Which of the Following Events Would NOT Be Considered Unethical

question 111

Multiple Choice

Which of the following events would NOT be considered unethical under IMA standards?

• A) An accountant told his friends about the bids his company had received from contractors for construction contracts.
• B) An accountant provided a list of his company's foreign transactions to an investigative reporter who was working on a story for the paper.
• C) An accountant provided a list of his company's qualified suppliers to a small businessman that wanted to set up a similar business on his own.
• D) An accountant provided a copy of his company's published financial statements to a relative who owned a business that was directly competing with the accountant's company.

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Definitions:

Total Variable Cost

The aggregate of costs that vary in relation to the volume of output or activity, such as materials and labor expenses.

Total Fixed Cost

The sum of all costs that do not change with the level of output in the short term.

Overall Costs

The total expenses incurred in the production, operation, or realization of goods and services.

Average Total Cost

The per unit cost of production, calculated by dividing the sum of all production costs by the quantity of output produced.