Ethics Exam 1 With 100% Correct And Verified Answers
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Course
Ethics
Institution
Ethics
Ethics Exam 1 With 100% Correct And Verified Answers
ethics - Correct Answer-The rules of conduct recognized in respect to a particular class of human action or a particular group
the rightness and wrongness of certain action and to the goodness and badness of the motives and ends of such acti...
Ethics Exam 1 With 100% Correct And
Verified Answers
ethics - Correct Answer-The rules of conduct recognized in
respect to a particular class of human action or a particular group
the rightness and wrongness of certain action and to the
goodness and badness of the motives and ends of such actions
ethics vs professionalism - Correct Answer-ethics establishes a
certain expectation for behavior
professionalism establishes how successful people behave in
their respective field
ethical business characteristics - Correct Answer-- honesty
- integrity
- trustworthiness
- respect for others
- fairness
- law abiding
- accountability
professionalism characteristics - Correct Answer-- technical skills
and competence
- appearance/demeanor
- commitment to excellence
- reliability
- poise
- organization
- interpersonal skills
- communication skills
Vendarsol
, - ambition/initiative
moral judgment - Correct Answer-must determine whether an
activity harms others, is respectful of others and their rights, is
fair, and is in accordance with the commitments the accountant
has made
incompatible with selfish behavior
how might we reconcile Milton Friedman's quote about the
"Responsibility of Business"? - Correct Answer-by making profit
the primary goal of a company but only when playing within the
bounds of the rules of the game
what 2 things drive profitability? - Correct Answer-1. productivity
2. realization
productivity - Correct Answer-how many clients are served and
how many hours are being charged
"the effectiveness of effort"
more productivity achieves profitability goals with less realization
realization - Correct Answer-taking on less clients but charge a
higher fee
ability to bill and collect fees at prescribed
rates
when using this tactic, less productivity is
needed to achieve profitability
Vendarsol
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