What four areas are covered by the Standards of Ethical Conduct for Certified Management Accountants? How are these areas defined?
The four areas covered by the Standards of Ethical Conduct for Certified Management Accountants are: competence, confidentiality, credibility, and integrity. Competence means having the capacity to function in a particular manner. Confidentiality means having the ability to maintain or keep information undisclosed. Credibility means having the ability to communicate information fairly and objectively. Integrity is the ability to mitigate actual conflicts of interest and to refrain from engaging in any conduct that would prejudice carrying out duties ethically and/or discredit the profession.
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A marketer of fine French cognac offers fancy cigar ashtrays as prizes to consumers who correctly solve a crossword puzzle. Which of the following most accurately describes this offer?
A) price promotion B) non-price promotion C) trade sales promotion D) sweepstakes promotion E) sampling
What is the benefit of using metaphors to understand communication?
a. Metaphors make studying communication more interesting. b. Metaphors help us paint vivid word pictures about communication. c. Metaphors allow us to perceive and talk about communication in new ways. d. Metaphors promote more ethical communication.
Consider a binomial probability experiment with n = 3 and p = 0.1. Then, the probability of x = 0 is
A. 0. B. 0.0001. C. 0.001. D. 0.729.
Ratio analysis can help business owners ________.
A. secure funding B. manage operations C. understand their performance relative to peers D. All of these.