Marilyn Has Decided to Use the Three-Step Model to Decide

question 25

Multiple Choice

Marilyn has decided to use the three-step model to decide whether a particular business decision is ethical or unethical. She has already gathered the relevant factual information about the situation. What should she do next?

• A) Reflect on her own ethical standards as background for the decision
• B) Gather the relevant factual information
• C) Consult with her boss about the situation
• D) Make an ethical judgment about the rightness or wrongness of the situation
• E) Determine the most appropriate moral values

Explain the role of objectivity in management accounting and ethical considerations in decision-making.

Identify the influence of external factors and concepts like contingency theory on management accounting systems.

Understand the differences and responsibilities between staff and line management in organizations.

Grasp the concept of value creation beyond shareholder value to include broader business impacts.

---

Definitions:

Electron Transport Chain

A series of protein complexes and small molecules that transfer electrons across a membrane within mitochondria to produce ATP.

Aerobic Respiration

The process of producing cellular energy in the presence of oxygen, involving the breakdown of food substances and release of energy.

Glucose

A simple sugar and a key source of energy, being the primary substrate for cellular respiration and the principal product of photosynthesis in plants.

Fructose-1,6-bisphosphate

A key sugar molecule that plays an important role in glycolysis, the process of breaking down glucose for energy.