1.

Perform duties in accordance with relevant laws, regulations and technical standards
a. Confidentiality
b. Integrity
c. Competence
d. Credibility
Correct answer: c. Competence - Maintain an appropriate level of professional leadership and
expertise by enhancing knowledge and skills.

2. Communicate and disclose all relevant information fairly

a. Confidentiality
b. Integrity
c. Competence
d. Credibility
Correct answer: d. Credibility - Provide all relevant information that could reasonably be
expected to influence an intended user’s understanding of the reports, analyses, or
recommendations.

3. Refrain from disclosing confidential information acquired in the course of their work unless
authorized or legally obliged to do so.
a. Confidentiality
b. Integrity
c. Competence
d. Credibility
Correct answer: a. Confidentiality - Inform all relevant parties regarding appropriate use of
confidential information. Monitor to ensure compliance.

4. Avoid actual or apparent conflict of interest Refrain from engaging in any activity that would
prejudice their ability to carry out their duties ethically.
a. Confidentiality
b. Integrity
c. Competence
d. Credibility
Correct answer: b. Integrity - Abstain from engaging in or supporting any activity that might
discredit the profession

5. Refers to a system of determination of that level of activity where total cost equals total selling
price.
a. Contribution margin
b. Break-even analysis
c. Margin of safety
d. Indifference Point
Correct answer: b. Break-even point - is a financial calculation that weighs the costs of a
new business, service or product against the unit sell price to determine the point at
which you will break even.