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Ethical Obligations & Decision-Making in Accounting Text & Cases 6th Edition
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Ethical Obligations & Decision-Making in Accounting Text & Cases 6th Edition
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Ethical Obligations & Decision-Making in Accounting Text & Cases 6th Edition
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TEST BANK For Mintz, Ethical Obligations & Decision-Making in Accounting Text & Cases 6th Edition
- Making decisions that are ethical requires the ability to do what? - ANSWER:the
ability to make distinctions between competing choices.
- What is the Josephson Institute? - ANSWER:It is a non-profit training and consulting
organization based out of LA and is active nation wide.
- What is the basis of ethically defensible decisions and the foundation of well-lived
lives? - ANSWER:The Six Pillars of Character
+ I. MAKING SENSE OF ETHICS - ANSWER:
- Where do we make most of our ethical decisions? - ANSWER:We make them in a
world of economic, professional and social pressures, which can obscure moral
issues.
- What is ethics? - ANSWER:Ethics refers to principles that define behavior as right,
good and proper.
- Are the terms ethics and values interchangeable? - ANSWER:No. Ethics is
concerned with how a moral person SHOULD behave, whereas values are the inner
judgements that determine how a person ACTUALLY behaves.
+ The Importance of Universality - ANSWER:
- Most people have convictions about what is right and wrong based on what? -
ANSWER:based on religious beliefs, cultural roots, family background, personal
experiences, laws, organizational values, professional norms and political habits.
- There is nothing wrong with having strong personal and professional moral
convictions about right and wrong but? - ANSWER:but unfortunately, some people
are moral imperialists who seek to impose their personal moral judgments on
others.
+ When Values Collide - ANSWER:
- Our values are what we prize and our value system is what? - ANSWER:our value
system is the order in which we prize them.
- The value system ranks our likes and dislikes and our value system determines
what? - ANSWER:it determines how we will behave in certain situations.
, - The values we consistently rank higher than others are our what? - ANSWER:they
are our core values, which define character and personality.
+ From Values to Principles - ANSWER:
- What are the rules of conduct that derive from ethical values? - ANSWER:Ethical
principles
+ Ethics and Action - ANSWER:
- Ethics is about what? - ANSWER:its about putting principles into action.
- Consistency between what we say, we value and what else? - ANSWER:what our
actions say, we value, its a matter of integrity.
- When dealing with ethics: What are the three don'ts in self restraint? -
ANSWER:Not doing what you have the power to do.
Not doing what you have the right to do.
Not doing what you want to do.
+ Why Be Ethical - ANSWER:
- What are the five reasons for being ethical? - ANSWER:Inner benefit, personal
advantage, approval, religion, and habit.
- What are two obstacles to being ethical? - ANSWER:Self interest and pursuit of
happiness
-Define the ethics of self interest: - ANSWER:When the motivation for ethical
behavior is self interest, decision-making is reduced to RISK-REWARD calculations.
- Defining the pursuit of happiness? - ANSWER:1. our values, what we prize and
desire, determine what we think will make us happy.
2. The morally mature individual finds happiness in grander pursuits than money,
status, sex and mood altering substances.
3. Unity between principle belief and honorable behavior is the foundation for real
happiness.
+ II. THE SIX PILLARS OF CHARACTER - ANSWER:
- What are the six pillars of character? - ANSWER:Trustworthiness, respect,
responsibility, fairness, caring and citizenship.
- What are the ethical values that guide our choices? - ANSWER:The six pillars of
character.
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