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US CMA Part 2 · Chapter 9 · Question 5 of 23

A plant controller is asked to evaluate competing bids for a maintenance contract. One bidder is owned by her brother. Under the IMA Integrity standard, what should she do?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: C) Disclose the relationship to all relevant parties and mitigate the conflict, for example by withdrawing from the evaluation

Explanation

The Integrity standard requires members to mitigate actual conflicts of interest, communicate regularly with business associates to avoid apparent conflicts, and advise all parties of any potential conflicts. Disclosing the relationship and removing herself from the decision addresses both the actual and the apparent conflict.

All 23 questions in Chapter 9Professional ethics MCQs with answers

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