Asked by Ramanan Srinivasagopalan on Jun 05, 2024

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The first step in solving an ethical dilemma is to

A) identify and analyze the principal elements in the situation.
B) identify the alternatives.
C) recognize an ethical situation and the ethical issues involved.
D) weigh the impact of each alternative on various stakeholders.

Ethical Dilemma

A situation where a person faces a choice between two or more conflicting ethical principles, making it challenging to decide the right course of action.

Principal Elements

Pertains to the fundamental components or ingredients necessary for a system or structure to function.

Ethical Situation

A scenario or circumstance that requires individuals or organizations to choose between alternatives that must be evaluated as right or wrong.

  • Recognize the ethical considerations in accounting decisions and the steps to address ethical dilemmas.
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Verified Answer

SQ
sdeeq qadanJun 10, 2024
Final Answer :
C
Explanation :
Recognizing an ethical situation and the ethical issues involved is the first and most crucial step in solving an ethical dilemma. Without identifying the ethical implications of a situation, it is impossible to determine the best course of action or evaluate various alternatives. Therefore, C is the best choice.