WGU D550 TASK TWO ETHICS
ACCOUNTANTS TEST BANK SOLUTION
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
⩥ Ethics. Answer: the principles of right and wrong that guide an
individual in making decisions
⩥ Morals. Answer: a person's standards of behavior or beliefs
concerning what is and is not acceptable for them to do.
⩥ Values. Answer: basic and fundamental beliefs that guide or motivate
attitudes or actions.
⩥ Values in Accounting:. Answer: independence, integrity, objectivity,
professional skepticism, and due care.
⩥ The Golden Rule in Business. Answer: wrong to think that separate
standards of behavior exist to guide our personal lives but that a
different (lower) standard exists in business.
⩥ Laws. Answer: a collection of rules and regulations that come with
penalties and punishments if not followed.
, ⩥ Ethical Legalism. Answer: if an intended action is legal, it is,
therefore ethical.
⩥ Useful Questions to Asked by an Ethical Individual. Answer: What
does the law require of me?
What do ethical standards of behavior demand of me?
How should I act to conform to both?
⩥ Moral Point of View. Answer: requires that a decision maker be
willing, at least sometimes, to take an action that may not be in his/her
best interest.
⩥ Moral Relativism. Answer: the view that moral or ethical statements,
which vary from person to person, are equally valid and no one's opinion
of right and wrong is actually better than any others.
⩥ Ethical Relativism. Answer: the philosophical view that what is right
or wrong and good or bad is not absolute but variable and relative,
depending on the person, circumstances, or social situation.
⩥ Relativists Points of Argument:. Answer: What's right for you may not
be what's right for me.
What's right for my culture won't necessarily be what's right for your
culture.
ACCOUNTANTS TEST BANK SOLUTION
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
⩥ Ethics. Answer: the principles of right and wrong that guide an
individual in making decisions
⩥ Morals. Answer: a person's standards of behavior or beliefs
concerning what is and is not acceptable for them to do.
⩥ Values. Answer: basic and fundamental beliefs that guide or motivate
attitudes or actions.
⩥ Values in Accounting:. Answer: independence, integrity, objectivity,
professional skepticism, and due care.
⩥ The Golden Rule in Business. Answer: wrong to think that separate
standards of behavior exist to guide our personal lives but that a
different (lower) standard exists in business.
⩥ Laws. Answer: a collection of rules and regulations that come with
penalties and punishments if not followed.
, ⩥ Ethical Legalism. Answer: if an intended action is legal, it is,
therefore ethical.
⩥ Useful Questions to Asked by an Ethical Individual. Answer: What
does the law require of me?
What do ethical standards of behavior demand of me?
How should I act to conform to both?
⩥ Moral Point of View. Answer: requires that a decision maker be
willing, at least sometimes, to take an action that may not be in his/her
best interest.
⩥ Moral Relativism. Answer: the view that moral or ethical statements,
which vary from person to person, are equally valid and no one's opinion
of right and wrong is actually better than any others.
⩥ Ethical Relativism. Answer: the philosophical view that what is right
or wrong and good or bad is not absolute but variable and relative,
depending on the person, circumstances, or social situation.
⩥ Relativists Points of Argument:. Answer: What's right for you may not
be what's right for me.
What's right for my culture won't necessarily be what's right for your
culture.
