An Example of the IMA's Confidentiality Standard Is To

question 37

Multiple Choice

An example of the IMA's confidentiality standard is to:

• A)abstain from engaging in or supporting any activity that might discredit the profession.
• B)communicate information fairly and objectively.
• C)keep information confidential except when disclosure is legally required.
• D)provide decision support that is accurate,clear,concise and timely.

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Definitions:

Risk Management

The process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize or control the impact of such risks.

Traceable Costs

Traceable costs are specific expenses that can be directly linked to a particular cost object, such as a product, department, or project.

Period Costs

Expenses that are not directly tied to product production and are expensed in the accounting period in which they are incurred.

Held For Sale

A classification for assets on the balance sheet intended to be sold within a short period, usually one year.