Explain income from discontinued operations, extraordinary items, and changes in accounting principle.

1) Which of the following are correct steps and order of steps in the ethical decision making process?
A. When entering a new job, most students believe they need to check their ethics at the door.
B. Moral awareness, moral judgement, and moral behavior.
C. Moral judgement, moral awareness, and moral behavior.
D. Moral consideration, moral decision, and moral behavior.
2) Which of the following statements is TRUE:
A. Employees good behavior can be spoiled by a bad barrel.
B. Ethics cannot be taught because individuals come into an organization already as bad apples.
C. Bad apples are just a few individuals who spoil it for the rest of us.
D. Bad barrels are caused by bad apples in an organization.
3) Discarding the few bad apples will solve all the ethical problems within an organization.
A. True
B. False
4) The type of language used when describing a situation affects moral awareness
A. True
B. False
5) According to cognitive moral development theory, individuals move to a higher moral development stage.
A. When there is a contradiction between his or her current moral reasoning stage and the next higher one.
B. As they grow older.
C. Every time they encounter a more difficult ethical dillema.
D. An individual s level of moral reasoning does not change after he or she becomes an adult.
6) If an individual does not recognize that he or she is facing an ethical dilemma, then moral judgement is likely to occur.
A. True
B. False
7) The ____________ challenges one to ask how would you feel if your behavior appeared on The Wall Street Journal?
A. Categorical imperative
B. Disclosure rule
C. Veil of ignorance
D. Confession constraint
8) Most modern managers rely on a deontological approach.
A. True
B. False
9) Generally speaking, ethical dilemmas are not routine. Therefore, there is no way that an individual can be prepared or informed for a problem ahead of time.
A. True
B. False
Define public accounting, private accounting, and forensic accounting. Please provide examples of jobs/careers within each of these areas of accounting.
Define liquidity, profitability, and solvency ratios. Please provide 2 examples of each type of ratio and explain the meaning of each specific example.
Explain income from discontinued operations, extraordinary items, and changes in accounting principle. Provide examples of each of these types of transactions.
Each needs to be 200 word responses for each question

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