Case 2. To help management accountants meet obligations to their profession, employer, the public, and themselves, the IMA has issued Standards of Ethical Conduct for Management Accountants. In defining ethical behavior, these standards can be applied to more than just management accounting. They are also relevant to college students. Explain at least one situ- ation that shows how each IMA standard in Exhibit 19-15 is relevant to your experiences as a student. For example, the ethical standard of competence would suggest not cutting classes!