Which of the Following Statements Is True

question 33

Multiple Choice

Which of the following statements is true?

• A) The IMA's Statement of Ethical Professional Practice requires management accountants to be incompetent, maintain confidentiality, act with integrity, and communicate information in a fair and credible manner.
• B) The IMA's Statement of Ethical Professional Practice requires management accountants to be competent, maintain confidentiality, eliminate all fraud, and communicate information in a fair and credible manner.
• C) The IMA's Statement of Ethical Professional Practice requires management accountants to be incompetent, maintain confidentiality, act with integrity, and miscommunicate information in a credible manner.
• D) The IMA's Statement of Ethical Professional Practice requires management accountants to be competent, maintain confidentiality, act with integrity, and communicate information in a fair and credible manner.
• E) The IMA's Statement of Ethical Professional Practice requires management accountants to perform certain checks for fraud, act with integrity, and communicate information in a fair and credible manner.

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Definitions:

Common-Carrier Delivery Contract

A type of contract in which purchased goods are delivered to the buyer via an independent contractor, such as a trucking line.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee.

Agent

An individual or entity authorized to act on behalf of another, often in a business or legal context.

Goods-In

Refers to incoming goods; a term used in inventory management to describe goods that have been received but not yet processed.