Which of the Following Is Not One of the IMA's

question 175

Multiple Choice

Which of the following is not one of the IMA's credibility standards?

• A)To disclose all relevant information
• B)To disclose deficiencies in internal control
• C)To communicate information fairly and objectively
• D)All of the above are part of IMA's credibility standard.

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Definitions:

National Income

The total value of all goods and services produced by a country's residents and businesses, including income from abroad, over a specified period.

Personal Consumption Expenditures

The component of a nation's economy that includes the total amount spent by individuals and households on goods and services.

Market Value

The current price at which an asset or service can be bought or sold in the market.

Net Domestic Investment

The total investment in a country's economy in a given year, minus the depreciation on existing capital.