Which of the Following Statements Is TRUE Concerning the CMA

question 23

Multiple Choice

Which of the following statements is TRUE concerning the CMA?

• A) To earn the CMA, an examination must be passed.
• B) Experience in the accounting field is not necessary to earn the CMA.
• C) Compliance with the Institute of Management Accountants' Statement of Ethical Professional Practice is not necessary to earn the CMA.
• D) Both B and C above.

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Definitions:

Grumbling Acceptance

Accepting something reluctantly with complaints or discontent.

Communicated Acceptance

the process whereby the acceptance of an offer is relayed back to the offeror, finalizing the agreement.

Understood Terms

refers to the implicit or explicit conditions agreed upon by all parties in a contract.

Gap-Fillers

are provisions in law or a contract that supply missing terms necessary to resolve issues not explicitly addressed by the parties involved.