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1-17. Briefly explain what is meant by each of the following ethical standards for managerial accountants: compe- tence, confidentiality, integrity, and credibility. 1-18. Based

1-17. Briefly explain what is meant by each of the following ethical standards for managerial accountants: compe- tence, confidentiality, integrity, and credibility. 1-18. Based on the discussions in this chapter, what would you expect is meant by the term non-value-added costs? (We will define the term formally in the next chapter.)

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