The Institute of Management Accountants Has Developed a Code of Ethics

question 188

Multiple Choice

The Institute of Management Accountants has developed a code of ethics that requires management accountants to behave in certain ways.Which of the following behaviors is not required?

• A) Competence.
• B) Integrity.
• C) Maintenance of confidentiality.
• D) Communication of information in credible manner.
• E) Timeliness.

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Definitions:

Acquisition

The act of obtaining control of another company or asset through purchase or exchange.

Conglomerate Merger

A type of business combination where two or more companies in unrelated industries come together to form a single corporate entity.

Budget Cutbacks

The process of reducing budgeted expenditures, often in response to fiscal deficits, economic downturns, or reallocation of resources.

Psychological Needs

Basic human motivations that include the need for love, esteem, belonging, autonomy, and competence, influencing behavior and well-being.