8.To determine whether a particular action is professionally ethical or not, using the Institute of Management Accountants Statement of Ethical Professional Practice, it is necessary to know:

a. Whether the act is legal in your jurisdiction

b.The intent and the business context of the act

c.The amount of the fraud or theft that is involved

d.Whether the management accountant is certified or not

10. The IMA ethical standard that requires the management accountant to mitigate conflicts of interest:

a.Requires the management accountant to act with integrity

b. Is not a part of the IMA Statement of Ethical Professional Practice

c.Is necessary to ensure that the management accountant's credibility is not impaired

d.Is necessary to ensure that the management accountant does not violate the standard

regarding confidentiality