1.Using discounted cash flow (DCF), explain how the following involve ethical choices:

a.The initial selection of alternatives to consider

b.The identification of assumptions to be made

2.Describe two ways in which the gathering of financial information could raise ethical choice issues.

3.Which of the following isNOTpart of the balanced scorecard approach?

a.Financial performance

b.Customer and stakeholder satisfaction

c.Monitoring multiple factors

d.Exclusive concern with stockholder value

4.Which of the following statements regarding independence of mind isFALSE?

a.It is free of influences that compromise professional judgment.

b.It is subject to the threat of self-interest.

c.You can always tell if you have independence of mind.

d.It is different from independence of appearance.

5.When should agents promote the best interests of their principals?

a.Always

b.When it pays for the agent to do so

c.When it is ethical to do so

d.When it is convenient to do so