According to Rest's Model and the Integrated Ethical Decision-Making Process, answer the following questions based off of
Question:
According to Rest's Model and the Integrated Ethical Decision-Making Process, answer the following questions based off of a clothing company's management deciding to focus on overstatement of ending inventory which would result in higher cost of goods sold which would increase the net income.
Integrated Ethical Decision-Making Process:
- Ethical Sensitivity; Identify the ethical and professional issues
Example: What are the ethical/professional issues of the case? Which ethical/professional standards apply (such as AICPA code principles)?
- Ethical Judgement; Identify and evaluate alternative courses of action
Example: What legal issues exist? Which ethical reasoning methods apply to help reason through alternatives?
- Ethical Intent; Reflect on the moral intensity of the situation and virtues that enable ethical action to occur
Example: Consider how intellectual virtues motivate ethical actions. Consider whether anyone's rights are at stake and how they manifest in the decision-making process.
- Ethical Behavior; take action
Example: Decide on a course of action consistent with one's professional obligations. How can instrumental virtue support turning ethical intent into ethical action.
Expert Answer:
Ethical Sensitivity Notably the accounting department is trying to overstate the ending inventory so as to report a higher income This amounts to misr... View the full answer
