An Employee Is Dissatisfied with the Resolution of an Ethical

question 60

Multiple Choice

An employee is dissatisfied with the resolution of an ethical conflict with his supervisor at his place of employment. According to the Institute of Management Accountants, the employee's next step should be to:

• A) report the incident to the State Board of Accountancy.
• B) make the president of the company aware of the ethical conflict.
• C) resign from the company.
• D) contact the next level of management who is not involved in the ethical conflict.
• E) contact the IMA.

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Definitions:

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the true financial gain of a business.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on differences in costs.

Marginal Cost

The additional expense incurred from producing another unit of a product.

Marginal Revenue

The additional revenue that a company generates from selling one more unit of a good or service.