WGU D550 ETHICS FOR ACCOUNTANTS
EXAM PREP TEST BANK VERIFIED
QUESTIONS AND CORRECT ANSWERS
●● 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
Answer: Theory about outcomes, not motives or intentions
●● Egoism
EXAM PREP TEST BANK VERIFIED
QUESTIONS AND CORRECT ANSWERS
●● 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
Answer: Theory about outcomes, not motives or intentions
●● Egoism
