Ethics for Accountants - D550
(Chapter 2) Exam QUESTIONS
AND VERIFIED CORRECT
ANSWERS GRADED A+
[LATEST] 100% GUARANTEED
PASS
Ethnocentrism - CORRECT ANSWER-•Thinking of ourselves and those most similar to us as
better than others.
Leon Festinger - CORRECT ANSWER-•Recognized the limitation of philosophical reasoning
approaches integrated into decision making models.
•How we think we should behave is different from how we decide to behave.
•Coined term of Cognitive Dissonance in 19 56.
Sample Responses to the Heinz Dilemma - CORRECT ANSWER-•Egoism: Steal the drug,
depending on how much Heinz likes his wife and how much risk to stealing.
•Ends justify the means: Steal the drug, due to loving the wife so much and cannot watch her
die.
•Act Utilitarianism: Weigh the costs and benefits of alternative actions.
•Rule Utilitarianism; justice: Do not steal the drug, since stealing is against the law.
,•Rights: Right to life above all else (Constitutionally: life, liberty, and the pursuit of happiness).
Kohlberg's Stages of Moral Development (Preconventional) - CORRECT ANSWER-Rules are seen
as something external imposed on one's self.
Individual is very self-centered.
Kohlberg's Stages of Moral Development (Conventional) - CORRECT ANSWER-Individual
becomes aware of the interests of others and one's duty to society.
Kohlberg's Stages of Moral Development (Postconventional) - CORRECT ANSWER-Individual
recognizes there must be a society wide basis for cooperation.
Moral Judgment - CORRECT ANSWER-•ability to reason through several courses of actions and
making the right decision when faced with an ethical dilemma.
Organizational Ethics - CORRECT ANSWER-•Generally accepted principles and standards that
guide behavior in organizational contexts.
Ethical Dissonance - CORRECT ANSWER-•The Organizational to Individual Fit.
Integrated Ethical Decision-Making Process - CORRECT ANSWER-1.Identify the ethical and
professional issues (ethical sensitivity).
2.Identify and evaluate alternative courses of action (ethical judgment).
3.Reflect on the moral intensity of the situation and virtues that enable ethical action to occur
(ethical intent).
4.Take action (ethical behavior).
Which improvement(s) in the preparation of financial statements is(are) now needed due to
recent events?
,a) Intensity.
b) Transparency.
c) Accuracy.
d) All of the above - CORRECT ANSWER-Which improvement(s) in the preparation of financial
statements is(are) now needed due to recent events?
a) Intensity.
b) Transparency.
c) Accuracy.
D) ALL OF THE ABOVE
Which Greek philosopher argued, "The goal of life is happiness"?
a) John Stuart Mill.
b) Immanuel Kant.
c) Aristotle.
, d) John Rawls. - CORRECT ANSWER-Which Greek philosopher argued, "The goal of life is
happiness"?
c) Aristotle
Which consideration in the Ethical Decision-Making Framework (EDM) is based upon an
approach called "Stakeholder Impact Analysis"?
a) Deontology.
b) Justice.
c) Consequentialism.
d) All of the above. - CORRECT ANSWER-Which consideration in the Ethical Decision-Making
Framework (EDM) is based upon an approach called "Stakeholder Impact Analysis"?
a) Deontology.
b) Justice.
c) Consequentialism.
d) All of the above.
Which rule-of-thumb for ethical decision-making states, "Do unto others as you would have
done unto you"?
(Chapter 2) Exam QUESTIONS
AND VERIFIED CORRECT
ANSWERS GRADED A+
[LATEST] 100% GUARANTEED
PASS
Ethnocentrism - CORRECT ANSWER-•Thinking of ourselves and those most similar to us as
better than others.
Leon Festinger - CORRECT ANSWER-•Recognized the limitation of philosophical reasoning
approaches integrated into decision making models.
•How we think we should behave is different from how we decide to behave.
•Coined term of Cognitive Dissonance in 19 56.
Sample Responses to the Heinz Dilemma - CORRECT ANSWER-•Egoism: Steal the drug,
depending on how much Heinz likes his wife and how much risk to stealing.
•Ends justify the means: Steal the drug, due to loving the wife so much and cannot watch her
die.
•Act Utilitarianism: Weigh the costs and benefits of alternative actions.
•Rule Utilitarianism; justice: Do not steal the drug, since stealing is against the law.
,•Rights: Right to life above all else (Constitutionally: life, liberty, and the pursuit of happiness).
Kohlberg's Stages of Moral Development (Preconventional) - CORRECT ANSWER-Rules are seen
as something external imposed on one's self.
Individual is very self-centered.
Kohlberg's Stages of Moral Development (Conventional) - CORRECT ANSWER-Individual
becomes aware of the interests of others and one's duty to society.
Kohlberg's Stages of Moral Development (Postconventional) - CORRECT ANSWER-Individual
recognizes there must be a society wide basis for cooperation.
Moral Judgment - CORRECT ANSWER-•ability to reason through several courses of actions and
making the right decision when faced with an ethical dilemma.
Organizational Ethics - CORRECT ANSWER-•Generally accepted principles and standards that
guide behavior in organizational contexts.
Ethical Dissonance - CORRECT ANSWER-•The Organizational to Individual Fit.
Integrated Ethical Decision-Making Process - CORRECT ANSWER-1.Identify the ethical and
professional issues (ethical sensitivity).
2.Identify and evaluate alternative courses of action (ethical judgment).
3.Reflect on the moral intensity of the situation and virtues that enable ethical action to occur
(ethical intent).
4.Take action (ethical behavior).
Which improvement(s) in the preparation of financial statements is(are) now needed due to
recent events?
,a) Intensity.
b) Transparency.
c) Accuracy.
d) All of the above - CORRECT ANSWER-Which improvement(s) in the preparation of financial
statements is(are) now needed due to recent events?
a) Intensity.
b) Transparency.
c) Accuracy.
D) ALL OF THE ABOVE
Which Greek philosopher argued, "The goal of life is happiness"?
a) John Stuart Mill.
b) Immanuel Kant.
c) Aristotle.
, d) John Rawls. - CORRECT ANSWER-Which Greek philosopher argued, "The goal of life is
happiness"?
c) Aristotle
Which consideration in the Ethical Decision-Making Framework (EDM) is based upon an
approach called "Stakeholder Impact Analysis"?
a) Deontology.
b) Justice.
c) Consequentialism.
d) All of the above. - CORRECT ANSWER-Which consideration in the Ethical Decision-Making
Framework (EDM) is based upon an approach called "Stakeholder Impact Analysis"?
a) Deontology.
b) Justice.
c) Consequentialism.
d) All of the above.
Which rule-of-thumb for ethical decision-making states, "Do unto others as you would have
done unto you"?
