24. In addition to the ethical standards, the IMA Statement of ethical cludes four overarching principles that management account itement of ethical professional practice it management accountants should adhere to see Exhibit 1-7): 25. Is there a difference between unethical and illegal behavior? Part V- What business trends and regulations affect management accounting? (LO 5) 26. What are companies using Big Data to do? 27. What is an ERP system and what does it do? 28. Describe what is meant by critical thinking. In your own words, what steps can be taken to employ critical thinking? 29. Management accounting has its roots in the sector of the economy but has expanded to meet the needs of the and sectors too. Which sector now makes up the largest portion of the economy? 30. What are a few of the implications of the global marketplace on the information that management accounting provides