According to the Institute of Management Accountants (IMA) Statement of Ethical Professional Practice, under the Integrity Standard, each member has the responsibility to:

a.

Mitigate actual conflicts of interest.

b.

Maintain an appropriate level of professional competence.

c.

Keep information confidential.

d. Communicate information fairly and objectively.

Question#2

Which of the following costs would be least likely to appear on a responsibility accounting report for the supervisor of an assembly line in a large manufacturing situation?

	a.	Direct labor
	b.	Supervisor's salary
	c.	Repairs and maintenance
	d.	Materials