When There Is an Ethical Conflict, the Management Accountant Should

question 127

True/False

When there is an ethical conflict, the management accountant should resign if the immediate supervisor is involved with the conflict.

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Definitions:

Responsibility Centers

Units or departments within an organization, each accountable for its own activities and financial results.

Investment Center

An investment center is a business unit within an organization that has control over its revenues, expenses, and investments, and is evaluated based on its return on investment.

Franchise Fee

An initial payment made by a franchisee to a franchisor for the rights to use the franchisor's brand, system, and ongoing support.

Percent

A measure or ratio expressed as a fraction of 100.