As a Certified Management Accountant,Derek Is Bound by the Standards

question 49

Multiple Choice

As a Certified Management Accountant,Derek is bound by the standards of ethical conduct issued by the Institute of Management Accountants.According to the standards,Derek has a responsibility to:

• A) inform subordinates that they should protect confidential information.
• B) ensure that financial accounting records are maintained as per the governing guidelines.
• C) monitor the activities of subordinates to assure that confidentiality is maintained.
• D) inform subordinates that they should protect confidential information and monitor the activities of subordinates to assure that confidentiality is maintained.

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Definitions:

Semantic Memory

A component of long-term memory that processes ideas and concepts not drawn from personal experience, encompassing knowledge of facts, meanings, and language usage.

Cognitive Abilities

The mental capabilities involved in performing tasks, problem-solving, and making decisions, such as perception, memory, and reasoning.

Aging

The process of becoming older, which involves a series of biological, psychological, and social changes over time.

Five Factor Model

A theory that delineates personality into five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.