The first resource for guidance when a businessperson or a professional accountant faces an ethical problem should be
A) commonly accepted social norms.
B) corporate and professional codes of conduct.
C) ethical decision-making frameworks.
D) commonly accepted philosophical approaches.
E) All of these are correct.

Question

Quizplus · Accepted Answer

The best resource for guidance when a businessperson or a professional accountant faces an ethical problem should be corporate and professional codes of conduct. These codes provide specific guidance on how to handle ethical dilemmas and are designed to ensure that individuals act according to the highest ethical standards in their profession or industry. While commonly accepted social norms, ethical decision-making frameworks, and philosophical approaches can also be helpful, they may not provide the specific guidance needed to address the particular ethical problem at hand. Therefore, the corporate and professional codes of conduct should be the first resource consulted.

The First Resource for Guidance When a Businessperson or a Professional