Ethical Behaviour Requires

question 48

Multiple Choice

Ethical behaviour requires:

• A) Accountants to keep business information confidential.
• B) Auditors to invest in businesses they audit.
• C) Analysts to report information favourable to their companies.
• D) Purchasing agents to favour certain suppliers.
• E) The government to regulate businesses.

---

Definitions:

Cognitive Schema

A mental framework or structure that organizes and interprets information in the brain.

Hindsight Bias

The tendency to overestimate one’s ability to have predicted an event after the outcome is known; the “I knew it all along” phenomenon.

Heuristic

A rule of thumb that suggests a course of action or guides problem solving but does not guarantee an optimal solution.

Cognitive Schema

A mental framework that helps organize and interpret information, based on past experiences and knowledge.