In the Making Ethical Decisions Box Titled "Would You Cook

question 354

Multiple Choice

In the Making Ethical Decisions box titled "Would You Cook the Books?" 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?

---

Definitions:

Industrial Democracy

A concept and practice that seeks to include employees in the decision-making processes of businesses, with the goal of creating more egalitarian workplaces.

Revolutionary Unionism

A form of unionism aiming to overthrow the prevailing capitalist system and establish a society based on workers' control and direct democracy.

Working Class

A social group comprising individuals in employment roles that require manual labor or skilled trades, often distinguished by lower economic status.

Occupation

A type of job or career with specific skills and expertise required, often recognized as a person's role in society based on their work.