In the Making Ethical Decisions Box Titled,"Barking-Up the Wrong Financial

question 253

Multiple Choice

In the Making Ethical Decisions box titled,"Barking-Up the Wrong Financial Statement," the situation provides the student with an ethical dilemma that might present itself to an accounting professional.The story focuses on: Is it ethical to __________________________

• A)transfer long-term liabilities on the balance sheet to the balance sheet of a secondary firm?
• B)inflate the values of assets on the Balance Sheet?
• C)account for sales and profits at a time period,before or after the time these sales and profits actually occurred?
• D)change one's method of accounting for inventory during the same fiscal year?

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Definitions:

Operant Conditioning

Operant conditioning is a learning process whereby behavior is strengthened or weakened by reinforcement or punishment.

Classical Conditioning

A training approach characterized by making associations between a stimulus in the environment and one that occurs naturally, causing a conditioned behavior.

Social Setting

The physical and social context in which people live or in which something happens or develops.

Negative Punishment

A behavior modification technique involving the removal of a desirable stimulus following an undesired behavior to decrease the likelihood of the behavior’s occurrence.