I Consistently Tell the Truth and Am Fair with My

question 67

Multiple Choice

I consistently tell the truth and am fair with my employees.Furthermore,I feel a strong moral obligation to make decisions that do not infringe on the rights of my staff.I am applying the concepts of which ethical theory?

• A) deontological
• B) teleological
• C) altruism
• D) virtue-based

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Definitions:

Trial Balance

An accounting report that lists the balances of all ledgers accounts in two columns, debits and credits, to ensure that the total debits equal total credits.

Chart of Accounts

An organized list of all the accounts in a company's general ledger, used for recording transactions and preparing financial statements.

Statement of Owner's Equity

A financial document showing the changes in the equity of a business over a specific period, including contributions, withdrawals, and earnings.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to ensure the sum of debits equals the sum of credits, used as a check on the accuracy of the postings.