According to the Institute of Management Accountants (IMA),the First Step

question 89

Multiple Choice

According to the Institute of Management Accountants (IMA) ,the first step in resolving an ethical dilemma is to

• A) consult your own attorney as to legal obligations and rights concerning the ethical conflict.
• B) call the IMA's ethics hotline.
• C) clarify relevant ethical issues by initiating a confidential discussion with an IMA Ethical Counselor or other impartial advisor.
• D) discuss the situation with an immediate supervisor,except when it appears that the supervisor is involved,or with the next level supervisor,if involvement of the immediate supervisor is suspecteD.
• It is best to discuss the situation with the immediate supervisor before bringing in outsiders.

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Definitions:

Level of Significance

The probability threshold below which the null hypothesis is rejected in hypothesis testing.

Probability

A mathematical measurement of the likelihood of an event occurring, expressed as a number between 0 and 1.

Level of Significance

The criterion used for rejecting the null hypothesis; often denoted by alpha.

Type II Error

The failure to reject a false null hypothesis, also known as a "false negative."