Which of the Following Is One of the Key Standards

question 130

Multiple Choice

Which of the following is one of the key standards of ethical practice published by the IMA?

• A)Objectivity
• B)Environmental sensitivity
• C)Technicality
• D)Confidentiality

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Definitions:

Pareto Optimality

Pareto Optimality is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Income Distribution

Income Distribution refers to the way in which total income is shared among the members of a society.

Capital Flow

The movement of money for the purpose of investment, trade, or business production, either within a country (domestic capital flow) or across national borders (international capital flow).

Excess Profits

Profits that exceed the normal expected return on investment, often resulting from monopolistic or oligopolistic market structures.