WGU D550 ETHICS FOR ACCOUNTANTS
TASK 2 STUDY GUIDE REVIEW 2026
QUESTIONS WITH ANSWERS 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. Answer: Theory about outcomes, not motives or
intentions
⩥ Egoism. Answer: Make decisions that maximize self interest, defined
by each individual
⩥ Utilitarianism. Answer: Concerned with consequences, seeks to make
decisions that bring about the greatest good for the greatest number of
people affected by a decision
⩥ Act-utilitarianism. Answer: Examine specific action itself, rather than
the rules governing the action to assess greatest utility.
TASK 2 STUDY GUIDE REVIEW 2026
QUESTIONS WITH ANSWERS 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. Answer: Theory about outcomes, not motives or
intentions
⩥ Egoism. Answer: Make decisions that maximize self interest, defined
by each individual
⩥ Utilitarianism. Answer: Concerned with consequences, seeks to make
decisions that bring about the greatest good for the greatest number of
people affected by a decision
⩥ Act-utilitarianism. Answer: Examine specific action itself, rather than
the rules governing the action to assess greatest utility.
