Which of the Following Actions Should a Management Accountant Take

question 18

Multiple Choice

Which of the following actions should a management accountant take first in confronting a potential ethical conflict concerning your direct supervisor?

• A) Inform the Board of Directors of the existence of a potential conflict.
• B) Clarify relevant ethical issues by initiating a confidential discussion with an IMA Ethics Counselor.
• C) Consult the attorney as to legal obligations and rights concerning the ethical conflict.
• D) Follow the organization's procedures concerning resolution of such a conflict.

---

Definitions:

Non-profit Organization

An entity that operates for the purpose of benefiting society, not for profit maximization. It often enjoys tax-exempt status.

Indian Red Cross Society

A humanitarian organization that works in disaster relief, health care, and blood services in India, part of the international Red Cross and Red Crescent Movement.

Emerging Market

Refers to a country's economy that is in the process of becoming more engaged with global markets, often characterized by rapid growth and volatility.

Foreign Investments

Investments made by individuals, companies, or governments in business interests in a country other than their own, often through direct investments or purchasing stocks.