1.

Which of the following statements relating to ethics is not true?

Stakeholders deserve ethical behaviour from a firms management.

Ethical decisions are always easy to make.

A high standard of ethical behaviour is in the long-term interests of an organisation.

Ethics is concerned with whether human actions are proper or improper.

2.

Which of the following statements relating to ethics is true?

There is no distinction between acting morally and acting prudently.

It is best to resolve ethical issues outside an organisation.

Insider trading is not illegal.

Statements of best practice are a part of providing good corporate governance.

3.

APES 110 Code of Ethics for Professional Accountants is issued by:

CPA Australia.

Australian Securities and Investments Commission.

Accounting Professional & Ethical Standards Board.

the Chartered Accountants of Australia and New Zealand (CAANZ).

4.

An accountant responsible for making a decision that optimises the outcome for the most number of stakeholders is said to be following which approach to decision making?

Discretionary.

Deontological.

Kantianism.

Teleological.

5.

A factor which has not been a major reason for heightened interest in business ethics is:

corporate collapses.

the community becoming more educated and aware.

globalisation.

the introduction of the GST.