(WGU C717) - BUS 3000 Business Ethics - OA Review (WGU C717) - BUS 3000 Business Ethics - OA Review (WGU C717) - BUS 3000 Business Ethics - OA Review (WGU C717) - BUS 3000 Business Ethics - OA Review
,1. Multiple Choice: Which ethical framework emphasizes the
consequences of actions rather than the morality of the actions
themselves?
a) Deontology
b) Virtue Ethics
c) Utilitarianism
d) Ethical Relativism
Correct Answer: c) Utilitarianism
Rationale: Utilitarianism is an ethical theory that determines right
from wrong by focusing on outcomes. It is the only option listed
that is primarily concerned with the consequences of actions.
2. Fill-in-the-Blank: The ethical principle that suggests an individual
should act in a way that their actions could become a universal law
is known as __________.
Correct Answer: Kantianism
Rationale: Kantianism, or deontological ethics, posits that actions
are morally right if they are motivated by duty and adhere to a
universal maxim.
, Rationale: Insider trading is unethical and illegal because it gives
an unfair advantage to individuals with privileged information,
undermining trust in the market.
4. Multiple Response: Select all that apply. Which of the following
are considered ethical issues in accounting?
a) Earnings management
b) Client confidentiality
c) Tax evasion
d) Whistleblowing
Correct Answers: a) Earnings management, b) Client
confidentiality, c) Tax evasion
Rationale: Earnings management, client confidentiality, and tax
evasion are all ethical issues in accounting. Whistleblowing is
generally seen as an ethical action to report unethical practices.
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