In the "Who Is on the Line?" Scenario,Star 38's New

question 57

Multiple Choice

In the "Who Is On the Line?" scenario,Star 38's new software hides or provides a phony phone number on caller ID systems.The company intends to sell its service to collection agencies,private detectives,and law enforcement agencies.If a collection agency is considering using the system,the first ethical question it should ask itself is:

• A) Is this a profitable business service for my company?
• B) Who are the investors behind Star 38?
• C) Will using this service enhance our corporate image?
• D) Should the firm advertise the use of this service to the consumers they call?
• E) Will using this service conflict with the ethical guidelines in our mission statement?

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Definitions:

Primary Quality

Fundamental or inherent characteristics that determine the value or usefulness of something.

Model of Business Reporting

A framework or standard outlining the principles and requirements for presenting financial and non-financial information about a company's performance and position.

Financial Data

Information about financial transactions, assets, liabilities, revenues, and expenses of a business or individual.

Recognition Principles

The criteria and rules that govern when and how revenue and expenses are recognized in the accounting period they occur.