UNIT 8 $6,860 ($9,800 X .70) COST OF NEXT 7 UNITS = (8 X $6,860...

264. Correct answer d. In accordance with IMA’s “Statement of Ethical Professional Practice”,

a member’s failure to comply with the standards of competence, confidentiality, integrity

and credibility may result in disciplinary action. Disclosing company’s internal budget to

an outside party is a breach of the ethical standard of confidentiality.

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