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Question 1 - HOCK Ethics P1E H08 - Ethical Considerations for the Individual
Which of the following statements is a responsibility for an IMA member regarding the "Competence" standard of
ethical conduct?
A. To communicate information fairly and objectively.
B. To refrain from engaging in any conduct that would prejudice carrying out duties ethically.
C. Inform all relevant parties regarding appropriate use of confidential information. Monitor subordinates' activities to
ensure compliance.
D. To perform professional duties in accordance with relevant laws, regulations, and technical standards.
A. This is one of the responsibilities for an IMA member regarding the "Credibility" standard of ethical conduct.
B. This is one of the responsibilities for an IMA member regarding the "Integrity" standard of ethical conduct.
C. This is one of the responsibilities for an IMA member regarding the "Confidentiality" standard of ethical conduct.
D.
With respect to the "Competence" standard of ethical professional conduct, each IMA member has a
responsibility to
1) Maintain an appropriate level of professional expertise by continually developing knowledge and skills.
2) Perform professional duties in accordance with relevant laws, regulations, and technical standards.
3) Provide decision support information and recommendations that are accurate, clear, concise, and timely.
4) Recognize and communicate professional limitations or other constraints that would preclude
responsible judgment or successful performance of an activity.

Question 2 - HOCK Ethics P1E H12 - Ethical Considerations for the Individual
According to the IMA Statement of Ethical Professional Practice, one of the overarching ethical principles is
"Responsibility." "Responsibility" means
A. performing professional duties in accordance with relevant laws, regulations, and technical standards.
B. doing what you say you will do when you say you will do it; being answerable or accountable for something that is
within your own power, control or management.
C. acting in an impartial manner.
D. guarding confidential information such as information on laptop computers against theft.
A. This is one of the responsibilities for an IMA member with respect to the "Competence" standard of ethical
conduct.
B. This is the definition of "Responsibility."
C. This is the definition of "Fairness."
D. This is an example of ways to keep information confidential.

Question 3 - HOCK Ethics P1E H01 - Ethical Considerations for the Individual
What are the four overarching ethical principles as expressed in the IMA Statement of Ethical Professional Practice
(2005)?

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A. Honesty, Fairness, Impartiality and Credibility
B. Competence, Confidentiality, Integrity and Credibility
C. Honesty, Integrity, Credibility and Competence
D. Honesty, Fairness, Objectivity and Responsibility
A. Two of these, honesty and fairness, are overarching ethical principles. However, impartiality is one of the words
that defines fairness, and credibility is a standard of ethical conduct, not an ethical principle.
B. These are the four standards of ethical conduct.
C. One of these items is an overarching ethical principle, but the other three are standards of ethical conduct.
D. The four overarching ethical principles are Honesty, Fairness, Objectivity and Responsibility.

Question 4 - HOCK Ethics P1E H09 - Ethical Considerations for the Individual
According to the IMA Statement of Ethical Professional Practice, one of the overarching ethical principles is
"Objectivity." "Objectivity" means
A. acting in an impartial manner and being free from dishonesty or injustice.
B. fairness and straightforwardness of conduct.
C. doing what you say you will do when you say you will do it.
D. basing a judgment on an established set of criteria.
A. This is the definition of "Fairness."
B. This is the definition of "Honesty."
C. This is the definition of "Responsibility."
D. "Objectivity" means basing a judgment on an established set of criteria. It is the state of being free from
personal feelings or prejudice and basing analyses and decisions on the facts alone.

Question 5 - HOCK Ethics P1E H05 - Ethical Considerations for the Individual
When is it appropriate to communicate potential ethical issues to authorities or individuals not employed or engaged
by your organization?
A. You believe there is a clear violation of the law.
B. You have escalated the issue, as directed by company policy, but are not satisfied with the company\'s response.
C. Your immediate supervisor is involved and you are concerned about potential negative consequences for yourself
if you follow established company policy.
D. Your immediate supervisor, who is aware of the issue but is not involved, does not want to take any action
because he is concerned about potential negative consequences for himself if the matter is addressed.
A. If the law is clearly being violated, and if you have not been able to obtain satisfactory resolution of the
ethical conflict through other means, then it may be necessary to inform authorities.
B. The highest acceptable reviewing authority may be a group such as the audit committee, executive committee,
board of directors, board of trustees, or owners. If you have taken your concerns all the way up to this level without
receiving any resolution of the ethical conflict, it is still not appropriate to communicate the problem to authorities or
individuals outside the organization, unless you believe a clear violation of the law has taken or is taking place.
C. If your immediate supervisor is involved, then you should present the issue to the next level up, regardless of the
potential for negative consequences.

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D. If your immediate supervisor is not willing to take any action to resolve the ethical conflict, then you should submit
the issue to the next management level. Contact with levels above the immediate superior should be initiated only
with your superior's knowledge, assuming he or she is not involved.

Question 6 - HOCK Ethics P1E H04 - Ethical Considerations for the Individual
Which of the following actions is not an appropriate course of action when encountering problems identifying
unethical behavior or resolving an ethical conflict, if your organization's established policies do not resolve the ethical
conflict?
A. Consult your own attorney regarding your legal obligations and rights concerning the ethical conflict.
B. Discuss the issue with your immediate supervisor except when it appears that the supervisor is involved. In that
case, present the issue to the next level. If you cannot achieve a satisfactory resolution, submit the issue to the next
management level.
C. Clarify relevant ethical issues by initiating a confidential discussion with an IMA Ethics Counselor or other impartial
advisor to obtain a better understanding of possible courses of action.
D. Communicate your concerns to the authorities or to persons outside the organization who may be interested
parties.
A. Consulting your own attorney regarding your legal obligations and rights concerning the ethical conflict is a course
of action to consider.
B. Discussing the issue with your immediate supervisor except when it appears that the supervisor is involved is a
course of action to consider.
C. Initiating a confidential discussion with an IMA Ethics Counselor or other impartial advisor is a course of action to
consider.
D. Communication of problems to authorities or individuals not employed or engaged by the organization is
not considered an appropriate means of resolving an ethical conflict, unless you believe there is a clear
violation of the law.

Question 7 - HOCK Ethics P1E H07 - Ethical Considerations for the Individual
Which of the following statements is not a responsibility for an IMA member regarding the "Credibility" standard of
ethical conduct?

A. To disclose all relevant information that could reasonably be expected to influence an intended user\'s
understanding of the reports, analyses, or recommendations.
B. To recognize and communicate professional limitations or other constraints that would preclude responsible
judgment or successful performance of an activity.
C. To disclose delays or deficiencies in information, timeliness, processing, or internal controls in conformance with
organization policy and/or applicable law.
D. To communicate information fairly and objectively.
A.
With respect to the "Credibility" standard of ethical professional conduct, each IMA member has a responsibility to:
1) Communicate information fairly and objectively.
2) Disclose all relevant informtion that could reasonably be expected to influence an intended user's understanding
of the reports, analyses, or recommendations.3) Disclose delays or deficiencies in information, timeliness,
processing, or internal controls in conformance with organization policy and/or applicable law.

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B. To recognize and communicate professional limitations or other constraints that would preclude
responsible judgment or successful performance of an activity is a responsibility of an IMA member with
respect to the "Competence" standard of ethical conduct.
C.
With respect to the "Credibility" standard of ethical professional conduct, each IMA member has a responsibility to:
1) Communicate information fairly and objectively.
2) Disclose all relevant informtion that could reasonably be expected to influence an intended user's understanding
of the reports, analyses, or recommendations.3) Disclose delays or deficiencies in information, timeliness,
processing, or internal controls in conformance with organization policy and/or applicable law.
D.
With respect to the "Credibility" standard of ethical professional conduct, each IMA member has a responsibility to:
1) Communicate information fairly and objectively.
2) Disclose all relevant informtion that could reasonably be expected to influence an intended user's understanding
of the reports, analyses, or recommendations.
3) Disclose delays or deficiencies in information, timeliness, processing, or internal controls in conformance with
organization policy and/or applicable law.

Question 8 - HOCK Ethics P1E H06 - Ethical Considerations for the Individual
Which of the following statements is a responsibility for an IMA member regarding the "Integrity" standard of ethical
conduct?
A. To refrain from engaging in any conduct that would prejudice carrying out duties ethically.
B. To refrain from using confidential information for unethical or illegal advantage.
C. Perform professional duties in accordance with relevant laws, regulations, and technical standards.
D. Disclose all relevant information that could reasonably be expected to influence an intended user's understanding
of the reports, analyses, or recommendations.
A.
Each IMA member has the following responsibilities with respect to the "Integrity" standard of ethical
conduct:
1) Mitigate actual conflicts of interest; regularly communicate with business associates to avoid apparent
conflicts of interest. Advise all parties of any potential conflicts.
2) Refrain from engaging in any conduct that would prejudice carrying out duties ethically.
3) Absain from engaging in or supporting any activity that might discredit the profession.
B. This is one of the responsibilities for an IMA member regarding the "Confidentiality" standard of ethical conduct.
C. This is one of the responsibilities for an IMA member regarding the "Competence" standard of ethical conduct.
D. This is one of the responsibilities for an IMA member regarding the "Credibility" standard of ethical conduct.

Question 9 - HOCK Ethics P1E H03 - Ethical Considerations for the Individual
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Who is not among those to whom practitioners of management accounting and financial management have an
obligation to maintain the highest standards of ethical conduct according to the IMA Statement of Ethical
Professional Practice?
A. The public
B. The organizations they serve
C. Their profession
D. Immediate family members
A. Practitioners of management accounting and financial management have an obligation to the public to maintain
the highest standards of ethical conduct.
B. Practitioners of management accounting and financial management have an obligation to the organizations they
serve to maintain the highest standards of ethical conduct.
C. Practitioners of management accounting and financial management have an obligation to their profession to
maintain the highest standards of ethical conduct.
D. Practitioners of management accounting and financial management have an obligation to the public, their
profession, the organizations they serve, and themselves to maintain the highest standards of ethical
conduct. Their immediate family members are not included.

Question 10 - HOCK Ethics P1E H11 - Ethical Considerations for the Individual
According to the IMA Statement of Ethical Professional Practice, one of the overarching ethical principles is
"Fairness." "Fairness" means
A. being free from personal feelings or prejudice, basing analyses and decisions on the facts alone and basing a
judgment on an established set of criteria.
B. communicating both good and bad news; not just telling your superiors what they want to hear.
C. acting in an impartial manner; being open-minded, tolerant and accepting; being free from injustice.
D. communicating information fairly and objectively.
A. This is the definition of "Objectivity."
B. This is an example of ways to maintain integrity.
C. This is the definition of "Fairness."
D.
This is one of the responsibilities for an IMA member with respect to the "Credibility" standard of ethical professional
conduct.

Question 11 - HOCK Ethics P1E H02 - Ethical Considerations for the Individual
What are the four standards of ethical conduct as expressed in the IMA Statement of Ethical Professional Practice
(2005)?
A. Competence, Confidentiality, Objectivity and Responsibility
B. Fairness, Confidentiality, Integrity and Credibility
C. Honesty, Fairness, Objectivity and Responsibility
D. Competence, Confidentiality, Integrity and Credibility
A. Two of these are standards of ethical conduct, but two are overarching ethical principles.

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B. Three of these are standards of ethical conduct, but one is an overarching ethical principle.
C. These are overarching ethical principles.
D. The four standards of ethical conduct are Competence, Confidentiality, Integrity and Credibility.

Question 12 - HOCK Ethics P1E H10 - Ethical Considerations for the Individual
According to the IMA Statement of Ethical Professional Practice, one of the overarching ethical principles is
"Honesty." "Honesty" means
A. disclosing delays or deficiencies in information in conformance with organization policy and/or applicable law.
B. being answerable or accountable for something that is within one's own power, control or management.
C. refraining from engaging in any conduct that would prejudice carrying out duties ethically.
D. fairness, straightforwardness; being upright, truthful, sincere, frank, and free from deceit or fraud.
A. This is one of the responsibilities of an IMA member with respect to the "Credibility" standard of ethical
professional conduct.
B. This is the definition of "Responsibility."
C. This is one of the responsibilities of an IMA member with respect to the "Integrity" standard of ethical professional
conduct.
D. This is the definition of "Honesty."

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