If It Is Wrong to Lie, It Is Wrong to Lie

question 77

Multiple Choice

If it is wrong to lie, it is wrong to lie at all times including "white" lies one may tell to spare someone's feelings. This is known as Kant's ________________.

• A) Utilitarianism
• B) Moral imperative
• C) Relativist
• D) Ethical dilemma

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Definitions:

Double-entry Accounting

An accounting method where every financial transaction results in equal and opposite effects in at least two different accounts.

Ledger

A book or collection of financial accounts where all transaction records are summarized and recorded.

Journal

A book or digital record where all financial transactions are initially recorded in chronological order before being posted to accounts in the ledger.

Debit

A bookkeeping record that leads to either a rise in assets or a fall in liabilities in a firm's balance sheet.