Refer to the Scenario Below to Answer the Questions That

question 136

Multiple Choice

Refer to the Scenario below to answer the questions that follow.
Views of Ethics (Scenario)
You have just become aware of several accounting errors at your company that are significant in nature.As you plan how best to report the errors,you recall several perspectives on ethics that you learned in your management course at university.
-The ________ view of ethics uses a quantitative method for making ethical decisions by looking at how to provide the greatest good for the greatest number of people.

• A)theory of justice
• B)integrative social contracts theory
• C)rights
• D)utilitarian
• E)principled

Identify the procedures to correct accounting errors.

Distinguish between correcting entries and adjusting entries.

Understand the methods of correcting errors on saved documents in QBO.

Know how to make specific types of adjusting entries for accrued expenses and prepaids in QBO.

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Definitions:

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically performing better on simple or well-rehearsed tasks.

Groupthink

is a psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Discrediting Information

Information intended to undermine or reduce the credibility of a person, concept, or theory.