With Respect to Ethics, the Utilitarian Theory

question 30

Multiple Choice

With respect to ethics, the utilitarian theory

• A) Suggests that auditors should always verify ownership of a client's material tangible assets.
• B) Is primarily concerned with equity and impartiality.
• C) Suggests that an individual's actions should not violate the rights of any individual.
• D) Recognizes that decisions involve trade-offs between costs and benefits.

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Definitions:

Formal Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly and logically.

Postconventional Level

A stage in Kohlberg’s theory of moral development where individuals make moral decisions based on universal ethical principles and internal beliefs, rather than conforming to societal rules.

Moral Development

The process through which individuals evolve their understanding of morality, often conceptualized as progressing through stages from basic, concrete notions of right and wrong to more abstract, principled reasoning about ethics.

Personal Code

A set of principles or ethics that an individual chooses to live by, guiding decisions and behaviors according to personal beliefs and values.