Which of the Following Statements Is True Regarding the Ethical

question 51

Multiple Choice

Which of the following statements is true regarding the ethical standards of management accountants?

• A) Management accountants are not obligated to develop their knowledge and skills beyond the level they had when they sought employment with the company.
• B) Management accountants are not responsible for monitoring their subordinates to ensure maintenance of confidentiality within the company.
• C) Management accountants are allowed privacy and are not bound to refrain from supporting activities of personal interest even when they could discredit the profession.
• D) Management accountants should refrain from relationships with individuals that could cause possible conflicts of interest.

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Definitions:

Top-down Change

What occurs when change initiatives come from senior management.

Incremental Change

Gradual, step-by-step modifications or improvements made to processes, systems, or products over time, rather than dramatic or radical transformations.

Outside-in Change

An approach to change management that starts with external market or environmental sentiments and trends, then works inward to adjust organizational strategies, structures, and processes.

Inside-out Change

Transformation initiated from within an organization or individual, focusing on internal improvements or developments to effect external outcomes.