WGU D550 ETHICS FOR ACCOUNTANTS
PROFESSIONAL STANDARDS ASSESSMENT
2026 COMPLETE QUESTIONS AND
SOLUTIONS GRADED A+
◉ Morals
Answer: Concerned with right and wrong
◉ Values
Answer: Basic fundamental beliefs that govern our actions and
represent intention behind actions
◉ Laws
Answer: Collection of rules and regulations that create a minimum
set of standards but cannot cover every situation
◉ Virtue ethics
Answer: Certain ideas like excellence to common good we should
strive for
◉ Virtues
, Answer: Attitudes, dispositions, or character traits that enable us to
be and act in ways that develop this potential
◉ Integrity (in context of Trustworthiness)
Answer: Act on principle rather than expediency
◉ Fairness
Answer: Balanced standard of justice without relevance to one's own
feelings
◉ Reputation
Answer: Judgements made about one's character
◉ Moral philosophies
Answer: Present guidelines to determine how conflicts in human
interests are to be settled for optimizing mutual benefit of people
living together in groups
◉ Teleology
Answer: An act is morally right if it produces some desired result
such as pleasure, realization of self interest
◉ Consequentialism
PROFESSIONAL STANDARDS ASSESSMENT
2026 COMPLETE QUESTIONS AND
SOLUTIONS GRADED A+
◉ Morals
Answer: Concerned with right and wrong
◉ Values
Answer: Basic fundamental beliefs that govern our actions and
represent intention behind actions
◉ Laws
Answer: Collection of rules and regulations that create a minimum
set of standards but cannot cover every situation
◉ Virtue ethics
Answer: Certain ideas like excellence to common good we should
strive for
◉ Virtues
, Answer: Attitudes, dispositions, or character traits that enable us to
be and act in ways that develop this potential
◉ Integrity (in context of Trustworthiness)
Answer: Act on principle rather than expediency
◉ Fairness
Answer: Balanced standard of justice without relevance to one's own
feelings
◉ Reputation
Answer: Judgements made about one's character
◉ Moral philosophies
Answer: Present guidelines to determine how conflicts in human
interests are to be settled for optimizing mutual benefit of people
living together in groups
◉ Teleology
Answer: An act is morally right if it produces some desired result
such as pleasure, realization of self interest
◉ Consequentialism
