Certified Management Accountant Practice Exam 2025 - Free CMA Practice Questions and Study Guide

The correct answer highlights that ethical behavior, according to the Institute of Management Accountants (IMA) framework, is characterized by honesty, fairness, objectivity, and responsibility. These principles are foundational to ethical conduct in accounting and business practices. Honesty ensures that professionals provide truthful and accurate information. Fairness promotes impartiality and just treatment of all parties involved. Objectivity requires the professional to avoid bias and conflicts of interest, ensuring that decisions are made based on sound reasoning and facts. Finally, responsibility emphasizes the duty to act in the best interest of the stakeholders and the wider community, holding oneself accountable for actions and decisions.

This comprehensive approach to ethics is essential in fostering trust and integrity in the profession, aligning with the IMA’s commitment to upholding high ethical standards. The focus on these virtues equips professionals to navigate the complex moral landscape of business environments effectively.