As a Certified Management Accountant,Grace Is Bound by the Standards

question 115

Multiple Choice

As a Certified Management Accountant,Grace is bound by the standards of ethical conduct issued by the Institute of Management Accountants.If she accepts an expensive gift from a vendor trying to win a contract with her firm,which of the following standards will she violate?

• A) Integrity
• B) Confidentiality
• C) Competence
• D) Objectivity

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Definitions:

Performance Threats

External or internal factors that could negatively affect the performance or success of an individual or organization.

Information Gathering

The process of collecting data from various sources to analyze situations, make decisions, or increase understanding of a topic.

Performance Threats

Performance threats refer to potential or actual obstacles that can impair the effectiveness and efficiency of an individual's or organization's ability to meet objectives.

Problem Solvers

Individuals or entities adept at finding solutions to challenges or issues.