WGU D550 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026

WGU D550 EXAM QUESTIONS ANSWERED CORRECTLY LATEST UPDATE 2026 integrity - Answers Meaning on principle and helps withstand pressure to subordinate judgement Ethics - Answers Concept of right and wrong. Standards of how people ought to act Morals - Answers principles or rules of right and wrong behavior that are often shaped by society, culture, religion, or personal beliefs. Values - Answers Deeply held beliefs or standards about what is important or desirable in life. Ethics - Answers Accepted standards of behavior. Practices of those in a profession. Laws and expectations of society GAA and Throne - Answers Ethics is the actions of people in situations where these actions have effects on the welfare of both oneself and others Moral Point of View - Answers emphasizes practical reason and rational choice. Ends do not justify the men's Six Pillars of Character - Answers trustworthiness, respect, responsibility, fairness, caring, citizenship trusthworthiness - Answers Being honest, acting with integrity, being reliable and exercising loyalty respect - Answers Treating every individual with dignity Responsibility - Answers The ability to reflect on alternative courses of action, persevere and carry out moral action diligently Fairness - Answers Treating others equally, impartially and openly Caring - Answers The essence of caring is empathy empathy - Answers the ability to understand, be sensitive to and care about feeling of others Citizenship - Answers Civic virtues and duties that prescribe how we ought to behave as part of a community reputation - Answers Overall quality or character in the opinion of the public towards a person or group Modern Moral Philosophies - Answers teleology, deontology, virtue Egosim refers to - Answers Consequences for individual Enlighten Egoism - Answers Allow for well being of others. Help decide some ultimate goal for self Rational Egoism - Answers Make decisions that promote one's own self-interest in accordance with reason Utilitarianism - Answers idea that the goal of society should be to bring about the greatest happiness for the greatest number of people Types of Utilitarianism - Answers Act and Rule Act Utilitarianism - Answers Examines specific actions itself versus rule Rule Utilitarianism - Answers Base behavior on rules defined to promote the greatest utility Deontology - Answers Moral norms establish basic of action. Based on rights of individuals and motivation rather than consequences. Concerned with means rather than end reason Types of Deontology - Answers Rights theory and justice Rights Theory - Answers Motivated by sense of obligation and universality of moral actions. Justice - Answers Treats equals equally and unequals unequally. Each permitted the maximum amount of basic liberty compatible with others Virtue Ethics - Answers Less emphasis on learning rules but stress important of developing good habits of character Virtues in Accounting Practice - Answers Perform services : without bias avoid conflicts of interests independence integrity Moral Relativism - Answers The view that there is no absolute or universal moral law or truth, resulting in a morality determined by cultural factors or personal preference. Ethical Relativism - Answers actions must be judged by what individuals subjectively feel is right or wrong for themselves Situation Ethics - Answers an ethical system that determines the good or evil nature of an act from the circumstances Acting with integrity - Answers - act out of moral principle, not expediency - never let loyalty cloud good judgment and ethical decision-making - have the courage to stand by your convictions in accordance with the public service ideal of the accounting profession Moral Courage - Answers the ability to stand up for one's values, especially those concerning fairness AICPA 2 sections - Answers Principles and rules for AICPA Principles - Answers aspirational statements that form the foundation for the Code's enforceable Rules of Professional Conduct; expectations but NOT legally binding AICPA Rules - Answers enforceable applications of the Principles Kahneman's Decision-Making - Answers System 1 - intuitive and fast/automatic System 2 - reasoned, slower and effortful cognitive bias - Answers error in thinking that involves processing threatening information or interpreting ambiguous information negatively Ethnocentrism - Answers belief in the superiority of one's own ethnic group Stereotypes - Answers Derived from ethnocentrism, people often attribute negative attribute to those not similar to themselves Incrementalism - Answers The slippery slope whereby people's actions evolve from small, technical violations to larger, more significant wrongs Situational factors to unethical - Answers Time pressures Context Transparency cognitive dissonance - Answers unpleasant mental experience of tension resulting from two conflicting thoughts or beliefs. How we think we should behave is different than how we behave bystander effect - Answers the tendency for any given bystander to be less likely to give aid if other bystanders are present Kohlberg's stages of moral development - Answers preconventional, conventional, postconventional Level 1: Preconventional stages - Answers stage 1- obedience and punishment orientation stage 2- satisfying own needs, follow rules only if they satisfy one's needs Level 2: Conventional - Answers The individual becomes aware of the interests of others and one's duty to society. Personal responsibility becomes an important consideration in decision making Stage 3 - fairness to others Stage 4 - law and order Level 3: Post-conventional - Answers guided by internal values, they lead by example Stage 5- social contracts and upholding basic rights Stage 6- universal ethical principles that everyone should follow moral judgement - Answers Single most influential factor of a person moral behavior Rest's model 4 stages - Answers Moral sensivity Moral judgement Moral motivation Moral character moral sensitivity - Answers a person's ability to recognize the presence of an ethical issue and determine its relative importance moral judgement - Answers Ability to reason through several courses of action and making the right decision when faced with dilemma Moral Motivation - Answers influences that affect an individual's willingness to place ethical values ahead of non-ethical values