Asked by Bennie Raymond on Jun 07, 2024
Verified
Which of the following is a guideline for behaving ethically?I.Identify the consequences of a decision and its effect on others.II.Consider your obligations and responsibilities to those affected by the decision.III.Identify your decision based on personal standards of honesty and fairness.
A) I and II
B) II and III
C) I and III
D) I, II, and III
Ethically
Acting in ways considered morally right and professionally appropriate according to standards of conduct.
Consequences
The results or effects that stem from specific actions, decisions, or policies, which can be positive, negative, or neutral.
Personal Standards
Individual beliefs and values that guide behavior and decisions, often reflecting what one considers important or acceptable.
- Grasp the ethical considerations and guidelines in accounting decisions.
Verified Answer
JM
Jonnathan Munoz-FigueroaJun 11, 2024
Final Answer :
D
Explanation :
All three guidelines are important for behaving ethically. Identifying the consequences of a decision and its effect on others helps to ensure that the decision is not harmful to anyone. Considering obligations and responsibilities to those affected by the decision helps to ensure that the decision is fair and just. Identifying a decision based on personal standards of honesty and fairness helps to ensure that the decision aligns with one's own values and principles, which is important for maintaining integrity. Therefore, all three guidelines should be considered when making ethical decisions.
Learning Objectives
- Grasp the ethical considerations and guidelines in accounting decisions.