Which of the Following Is Not One of the Overarching

question 88

Multiple Choice

Which of the following is not one of the overarching ethical principles of the Institute of Management Accountants (IMA) Code of Ethics?

• A) Competence
• B) Responsibility
• C) Honesty
• D) Objectivity

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members from current or retained earnings, usually in the form of cash.

Liability

Obligations or debts that a business owes to external parties, which need to be settled over time through the transfer of economic benefits.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout, increasing the number of shares owned.