WGU D550
WGU D550 ETHICS FOR ACCOUNTANTS’
EXAM QUESTIONS WITH CORRECT
ANSWERS 2026
The term "expectations gap" has been coined to describe.
a) The difference between what the public thinks it is receiving in audited financial
statements, and what the public is actually receiving.
b) The expectation that business exists to serve the needs of the shareholders and
society.
c) The opinion of the public that the public's physical wellbeing, and the wellbeing
of some workers, is threatened by corporate activity.
d) That directors, executives and managers are human, and make mistakes.
e) None of the above
The term "expectations gap" has been coined to describe.
a) The difference between what the public thinks it is receiving in audited financial
statements, and what the public is actually receiving.
Which among the following is NOT a common ethical decision-making pitfall?
a) Conforming to an ethical corporate culture.
WGU D550
,WGU D550
b) Focusing only on legalities.
c) Conflicts of interest.
d) Failure to consider the motivation for the decision.
e) Limits to rights canvassed
Which among the following is NOT a common ethical decision-making pitfall?
a) Conforming to an ethical corporate culture
Which of the following areas does the Sarbanes-Oxley Act NOT cover?
a) The responsibilities of management.
b) Conflicts of interest.
c) The responsibilities of the auditors.
d) Whistle-blower rights for employees of non-public companies
Which of the following areas does the Sarbanes-Oxley Act NOT cover?
d) Whistle-blower rights for employees of non-public companies
"Everyone is entitled to pursue their own goals as long as they do not violate the
practical imperative" is the deontological ethics principle of that moralist?
WGU D550
,WGU D550
a) Frances Kamm.
b) Rene Descartes.
c) Immanuel Kant.
d) Thomas Nagel.
"Everyone is entitled to pursue their own goals as long as they do not violate the
practical imperative" is the deontological ethics principle of that moralist?
c) Immanuel Kant
The United States Congress passed which act as a result of the subprime mortgage
crisis?
a) Frank Wall Street Reform and Consumer Protection Act.
b) American Recovery and Reinvestment Act.
c) United States Patriot Act.
d) Chinese Exclusion Act.
The United States Congress passed which act as a result of the subprime mortgage
crisis?
a) Frank Wall Street Reform and Consumer Protection Act.
WGU D550
, WGU D550
Which of the following is a FALSE statement concerning Utilitarianism?
a) Utilitarianism ignores motivation and focuses only on consequences.
b) Utilitarianism has evolved along two main lines - "Act Utilitarianism" and "Rule
Utilitarianism."
c) Minority rights are always protected under Utilitarianism.
d) Act Utilitarianism is sometimes referred to as consequentialism.
Which of the following is a FALSE statement concerning Utilitarianism?
c) Minority rights are always protected under Utilitarianism
Avoiding common ethical decision-making pitfalls is imperative. Which of the
following are common mistakes made by unaware decision-makers?
a) Conflicts of interest.
b) Interconnectedness of stakeholders.
c) Failure to rank the specific interest of stakeholders.
d) All of the above
Avoiding common ethical decision-making pitfalls is imperative. Which of the
following are common mistakes made by unaware decision-makers?
WGU D550
WGU D550 ETHICS FOR ACCOUNTANTS’
EXAM QUESTIONS WITH CORRECT
ANSWERS 2026
The term "expectations gap" has been coined to describe.
a) The difference between what the public thinks it is receiving in audited financial
statements, and what the public is actually receiving.
b) The expectation that business exists to serve the needs of the shareholders and
society.
c) The opinion of the public that the public's physical wellbeing, and the wellbeing
of some workers, is threatened by corporate activity.
d) That directors, executives and managers are human, and make mistakes.
e) None of the above
The term "expectations gap" has been coined to describe.
a) The difference between what the public thinks it is receiving in audited financial
statements, and what the public is actually receiving.
Which among the following is NOT a common ethical decision-making pitfall?
a) Conforming to an ethical corporate culture.
WGU D550
,WGU D550
b) Focusing only on legalities.
c) Conflicts of interest.
d) Failure to consider the motivation for the decision.
e) Limits to rights canvassed
Which among the following is NOT a common ethical decision-making pitfall?
a) Conforming to an ethical corporate culture
Which of the following areas does the Sarbanes-Oxley Act NOT cover?
a) The responsibilities of management.
b) Conflicts of interest.
c) The responsibilities of the auditors.
d) Whistle-blower rights for employees of non-public companies
Which of the following areas does the Sarbanes-Oxley Act NOT cover?
d) Whistle-blower rights for employees of non-public companies
"Everyone is entitled to pursue their own goals as long as they do not violate the
practical imperative" is the deontological ethics principle of that moralist?
WGU D550
,WGU D550
a) Frances Kamm.
b) Rene Descartes.
c) Immanuel Kant.
d) Thomas Nagel.
"Everyone is entitled to pursue their own goals as long as they do not violate the
practical imperative" is the deontological ethics principle of that moralist?
c) Immanuel Kant
The United States Congress passed which act as a result of the subprime mortgage
crisis?
a) Frank Wall Street Reform and Consumer Protection Act.
b) American Recovery and Reinvestment Act.
c) United States Patriot Act.
d) Chinese Exclusion Act.
The United States Congress passed which act as a result of the subprime mortgage
crisis?
a) Frank Wall Street Reform and Consumer Protection Act.
WGU D550
, WGU D550
Which of the following is a FALSE statement concerning Utilitarianism?
a) Utilitarianism ignores motivation and focuses only on consequences.
b) Utilitarianism has evolved along two main lines - "Act Utilitarianism" and "Rule
Utilitarianism."
c) Minority rights are always protected under Utilitarianism.
d) Act Utilitarianism is sometimes referred to as consequentialism.
Which of the following is a FALSE statement concerning Utilitarianism?
c) Minority rights are always protected under Utilitarianism
Avoiding common ethical decision-making pitfalls is imperative. Which of the
following are common mistakes made by unaware decision-makers?
a) Conflicts of interest.
b) Interconnectedness of stakeholders.
c) Failure to rank the specific interest of stakeholders.
d) All of the above
Avoiding common ethical decision-making pitfalls is imperative. Which of the
following are common mistakes made by unaware decision-makers?
WGU D550
