Accounting Chapter 29 Part 2

Behaving ethically means doing

• what your friends do.

• only what’s legal.

• the right thing.

• what benefits you the most.

Answer explanation

Behaving ethically means doing the right thing, which involves making choices based on moral principles rather than simply following friends, legality, or self-interest.

Whitley’s ethical beliefs are the same whether she’s at work, at school, or hanging out with her friends. Whitley follows

• ethical principles.

• situational beliefs.

• ethical consequences.

• popular beliefs.

Answer explanation

Whitley’s consistent ethical beliefs across different settings indicate she adheres to ethical principles, which are universal standards guiding her behavior, rather than situational beliefs or popular opinions.

What is one benefit of following ethical principles?

• They are restrictive.

• They simplify your decision-making process.

• They eliminate the need for decisions.

• They change often.

Answer explanation

Following ethical principles simplifies your decision-making process by providing clear guidelines and standards to evaluate options, making it easier to choose the right course of action.

Which of the following is an ethical issue:

• Deciding whether to have french fries or a salad

• Choosing between buying a new shirt or a new book

• Deciding whether to lie to a friend or not

• Choosing which movie to see this weekend

Answer explanation

The ethical issue involves moral considerations. Deciding whether to lie to a friend raises questions about honesty and trust, making it an ethical dilemma, unlike the other choices which are personal preferences.

Ethical issues deal with __________ choices.

• right and wrong

• bad

• all

• no

Answer explanation

Ethical issues involve making choices about what is right and wrong. The correct answer, 'right and wrong', reflects the moral considerations inherent in ethical decision-making.

Vivian told her parents she was going to the library to study when she was actually going to the movies with friends. Her parents found out, and now they don’t believe Vivian when she tells them where she’s going. Because of her behavior, Vivian is facing a(n)

• consequence.

• ethical principle.

• decision-making process.

• legal problem.

Answer explanation

Vivian's dishonesty led to her parents not trusting her anymore. This loss of trust is a direct result of her actions, making it a consequence of her behavior.

After Paul gets away with cheating on his Spanish homework, his friends start cheating on their homework, too. This is an example of which consequence of unethical behavior?

• Lost trust

• A bad example

• Legal problems

• A poor reputation

Answer explanation

Paul's cheating sets a poor example for his friends, encouraging them to engage in similar unethical behavior. This illustrates how one person's actions can influence others negatively, highlighting the consequence of being a bad example.

When Layla is caught stealing from a department store, the court orders her to do community service. Which consequence of unethical behavior is Layla facing?

• Legal problems

• A bad example

• A poor reputation

• Lost trust

Answer explanation

Layla is facing legal problems as a consequence of her unethical behavior. The court's order for community service indicates that her actions have resulted in legal repercussions.

Integrity means acting with

• humility

• leadership skills

• a sense of humor

• honesty

Answer explanation

Integrity is fundamentally about honesty. It involves being truthful and transparent in actions and words, which is essential for building trust and credibility.

At work, a customer gives Shannon an extra $10. Instead of pocketing the money, Shannon lets the customer know he overpaid. Shannon is acting with

• viability

• integrity

• transparency

• rule of law

Answer explanation

Shannon demonstrates integrity by returning the extra $10 to the customer, showing honesty and ethical behavior in his actions. This choice reflects a commitment to doing the right thing.