CAF-7 · Chapter 6 · Question 14 of 15
What is the final step (Step 7) of the American Accounting Association (AAA) ethical decision-making model?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Make the decision
Explanation
After establishing facts, generating alternatives, evaluating them against norms, and assessing their consequences, Step 7 is to finally select the best-fit alternative and 'Make the decision'.
More Ethical Decision Making Models MCQs
- Q1In Tucker’s 5-question model for ethical decision-making, the question 'Is it fair?' primarily considers the impact of a decision on:
- Q2A CFO discovers that the company's new product has a minor safety defect. Fixing it would cost millions, while ignoring it might only…
- Q3Which of the following represents the first step in the American Accounting Association (AAA) 7-step model for ethical decision making?
- Q4An internal auditor identifies a financial irregularity but is threatened with termination if she reports it. In the AAA model, during…
- Q5According to the ICAP study text, which of the following is the most refined definition of ethics proposed by Trevino and Nelson?
