The IMA's Ethical Standard of Confidentiality Does NOT Require Each

question 15

Multiple Choice

The IMA's ethical standard of confidentiality does NOT require each member to ________.

• A) keep information confidential except when disclosure is authorized or legally required
• B) inform all relevant parties regarding appropriate use of confidential information
• C) refrain from using confidential information for unethical or illegal advantage
• D) provide confidential decision support information and recommendations that are accurate, clear, concise and timely

Recognize the rights and obligations of third parties in contract assignments.

Identify the requirements and limitations of oral and written assignments.

Comprehend the role of consideration in the effectiveness of an assignment.

Understand the distinction between different types of beneficiaries in contract law.

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Definitions:

Existentialism

A philosophical theory emphasizing individual existence, freedom, and choice, positing that individuals create the meanings of their lives.

Independent Variable

A variable that is manipulated in an experiment to see if it affects the outcome or dependent variable.

Dependent Variable

In scientific research, the variable that is tested and measured to determine if it is affected by changes in the independent variable.

Self-critical

A tendency to evaluate oneself harshly, focusing on one’s flaws and shortcomings.