Chapter 4 ethical dilemas

Question 1

what is an ethical dilema?

Answer 1

a situation a person faces in which a decision must be made about appropriate behavior

Question 2

T/F Auditors, accountants, and other businesspeople face many ethical dilemmas in their business careers.

Answer 2

T

Question 3

what are the 3 rationalization methods commonly employed that can result in unethical behavior

Answer 3

1. everybody does it
2. if its legal its ethical
3. likelihood of discovery and consequences

Question 4

what is one 6 step approach for resolving ethical dilemmas?

Answer 4

1. obtain relevant facts
2. identify ethical issues from the facts
3. determine who is affected by the outcome of the dilemma and how each person or group is affected
4. identify alternative available to the person who must resolve the dilemma
5. identify likley consequence of each alternative
6. decide appropriate action