Accounting Ethics Full Study Guide

The underlying attributes of ancient Greek Philosphy include _____ and ______. - Answer- The underlying attributes of ancient Greek Philosphy include excellence and happiness. Being _____ is not the same as following the law. - Answer- Being ethical is not the same as following the law. Laws and ethical obligations can be characterized as follows: _____ _____ informs ethical obligations and _____ crate a minimum set of standards. - Answer- Laws and ethical obligations can be characterized as follows: moral philosophy informs ethical obligations and laws crate a minimum set of standards. Characteristics of the moral _____ _____ _____ include considering the consequences on stakeholders and sometimes acting in the best interest of others. - Answer- Characteristics of the moral point of view include considering the consequences on stakeholders and sometimes acting in the best interest of others. What is the common element of ethics and moral? - Answer- The common element of ethics and morals is character. In accounting, the values of the profession are embedded in its codes of _____ that guide the actions of accountants and auditors in meeting their professional responsibilities. - Answer- In accounting, the values of the profession are embedded in its codes of ethics that guide the actions of accountants and auditors in meeting their professional responsibilities. Students often recognize cheating as an undesirable behavior but justify and rationalize cheating under certain circumstances, reflecting a _____ ethic. - Answer- Students often recognize cheating as an undesirable behavior but justify and rationalize cheating under certain circumstances, reflecting a situational ethic. Ethical relativism is the belief that morality is relative to the _____ of one's culture. - Answer- Ethical relativism is the belief that morality is relative to the norms of one's culture. Characteristics of the moral point of view include ______. (Check all that apply) A. Always acting in one's own interest B. Sometimes acting in the best interests of others C. Situational ethical decision making D. Considering the consequences on stakeholders - Answer- Answers: B, D Which of the following procedures help mitigate the inappropriate use of social network