15. The belief that each member of a group bears no responsibility for the well-being of other members is
a common principle underlying all ethical systems.
ANS: F
The belief that each member of a group bears some responsibility for the well-being of other members
is a common principle underlying all ethical systems.
16. The four emphasized areas of the CMA examination reflect the needs of managerial accounting and
highlights that managerial accounting has more of an interdisciplinary flavor than other areas of
accounting.
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