If a Management Accountant Confides to a Relative That His

question 96

Multiple Choice

If a management accountant confides to a relative that his or her company has a confidential plan to merge with another company in the near future, the accountant has

• A) not violated ethical standards.
• B) violated ethical standards only if the relative owns stock in the company.
• C) violated ethical standards because the accountant and relative could stand to gain personally from that information.
• D) not violated ethical standards because the information was relayed to a family member.

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Definitions:

Production And Operations Management

Oversee the production process by managing people and machinery in converting materials and resources into finished goods and services.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology.

Synthetic Production

The artificial creation or manufacturing of materials or substances through chemical processes, often designed to mimic natural products.

Production

The process of creating goods and services, involving tasks like design, raw material procurement, fabrication, assembly, and inspection.