©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
Actg 470 Exam 1 Questions With Correct
Answers 100% Verified.
What is ethics? - Answer✔the philosophical study of morality
Morality - Answer✔The standards that a given society, group, or even an individual has in
deciding what is good or bad, right or wrong
Where do we get our morality - Answer✔External and internal from ourselves
external sources - Answer✔Potential standards: parents taught us at a young age to protect us
from harm
Relationships with others: bad to hit your siblings, bad to lie to parents
Internal(within ourselves) - Answer✔We take in all of our experiences in life to date and
through that maturation process, we may develop our new moral standards and reject some of
the standards that we otherwise have been given.
Maturation process(by Lawrence kohlberg) - Answer✔Mortal reasoning, the basis for ethical
behavior, has 6 identifiable development stages, which develop for most throughout their lives
Level 1: Preconventional Morality - Answer✔Stage 1: obedience and punishment
-earliest stage
-about rules. Fixed and absolute
-must obey rules or will face punishment
-punishment equal pain and pain hurts
Stage 2: individualism and exchange
-child goes beyond the strict rules because it's the rules
-child looks at rules as their own self interest
Level 2: Conventional Morality - Answer✔Stage 3: Interpersonal relationships
-"good boy, good girl" orientation
1|Page
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
-living on social expectations of others
-being nice or appearing to others as nice
Stage 4: maintains social order
-people begin to consider society as a whole when making decisions
-awareness that the person is part of a larger world than just themselves
-emphasizing the importance of maintaining law and order by following the rules, by doing
one's duty and respecting authority
Level 3: Post-conventional morality - Answer✔Stage 5: social contract and individual rights
-people begin to recognize that there may be a difference in values, beliefs and opinions held
by others
-the person accepts the importance of rules, but only those rules that the members of society
as a whole agree upon
Stage 6: universal principles
-final stage
-there can be universal ethical principles and can be determined throughout abstract reasoning
-the person may discover and follow internalized principals of justice, even if they conflict with
laws and rules
Principles of Justice - Answer✔Requires us to treat the claims of all parties in an important
manner, respecting the basic dignity of all people as individuals. Universal, applies to all
moral dilemma - Answer✔-occurs when you're in a situation where you ought to do two things,
but you can only do one
-situations where both choices can lead to morally bad results
-some otherwise good and valid standard us going to be violated for the sake of some other
good and valid moral standard.
What is the purpose of this course? - Answer✔To help create an attitude, a disposition, and a
habit of living an ethical life in business
critical thinking - Answer✔The examination and test of propositions of any kind which are
offered for acceptance, in order to find out whether they correspond to reality or not
2|Page
Actg 470 Exam 1 Questions With Correct
Answers 100% Verified.
What is ethics? - Answer✔the philosophical study of morality
Morality - Answer✔The standards that a given society, group, or even an individual has in
deciding what is good or bad, right or wrong
Where do we get our morality - Answer✔External and internal from ourselves
external sources - Answer✔Potential standards: parents taught us at a young age to protect us
from harm
Relationships with others: bad to hit your siblings, bad to lie to parents
Internal(within ourselves) - Answer✔We take in all of our experiences in life to date and
through that maturation process, we may develop our new moral standards and reject some of
the standards that we otherwise have been given.
Maturation process(by Lawrence kohlberg) - Answer✔Mortal reasoning, the basis for ethical
behavior, has 6 identifiable development stages, which develop for most throughout their lives
Level 1: Preconventional Morality - Answer✔Stage 1: obedience and punishment
-earliest stage
-about rules. Fixed and absolute
-must obey rules or will face punishment
-punishment equal pain and pain hurts
Stage 2: individualism and exchange
-child goes beyond the strict rules because it's the rules
-child looks at rules as their own self interest
Level 2: Conventional Morality - Answer✔Stage 3: Interpersonal relationships
-"good boy, good girl" orientation
1|Page
, ©THESTAR 2024/2025 ALL RIGHTS RESERVED 12:43 PM.
-living on social expectations of others
-being nice or appearing to others as nice
Stage 4: maintains social order
-people begin to consider society as a whole when making decisions
-awareness that the person is part of a larger world than just themselves
-emphasizing the importance of maintaining law and order by following the rules, by doing
one's duty and respecting authority
Level 3: Post-conventional morality - Answer✔Stage 5: social contract and individual rights
-people begin to recognize that there may be a difference in values, beliefs and opinions held
by others
-the person accepts the importance of rules, but only those rules that the members of society
as a whole agree upon
Stage 6: universal principles
-final stage
-there can be universal ethical principles and can be determined throughout abstract reasoning
-the person may discover and follow internalized principals of justice, even if they conflict with
laws and rules
Principles of Justice - Answer✔Requires us to treat the claims of all parties in an important
manner, respecting the basic dignity of all people as individuals. Universal, applies to all
moral dilemma - Answer✔-occurs when you're in a situation where you ought to do two things,
but you can only do one
-situations where both choices can lead to morally bad results
-some otherwise good and valid standard us going to be violated for the sake of some other
good and valid moral standard.
What is the purpose of this course? - Answer✔To help create an attitude, a disposition, and a
habit of living an ethical life in business
critical thinking - Answer✔The examination and test of propositions of any kind which are
offered for acceptance, in order to find out whether they correspond to reality or not
2|Page
