Question

LO 1.4Which of the following is not a step in the outline for examining ethical issues?

Establish the facts of the situation.
Evaluate each course of action.
Make a decision.
Confirm decision with FASB.

Answer 1

Confirm decision with FASB.

Step-by-step explanation:

An ethical issue is any situation where a person or an organisation has to make a decision if a situation is ethical or not.

Steps to examining ethical issues includes;

1. Recognise the ethical issue

2. Establish the facts of the situation.

3. Recognise the values the ethical issue violated

4. Recognise alternative course of action.

5. Make a decision.

6. Evaluate each course of action.

I hope my answer helps you