Gary Watson, a graduating business student at a small college, is currently interviewing for a job. Gary was invited by both Tilly Manufacturing Company and Watson Supply Company to travel to a nearby city for an interview. Both companies have offered to pay Gary's expenses. His total expenses for the trip were $96 for mileage on his car and $45 for meals. As he prepares the letters requesting reimbursement, he is considering asking for the total amount of the expenses from both employers. His rationale is that if he had taken separate trips, each employer would have had to pay that amount. Who are the parties that are directly affected by this ethical dilemma? multiple choice 1 Tilly Manufacturing Company Watson Supply Company Both the employers Are the other students at the college potentially affected by Gary's decision? multiple choice 2 Yes No Are the professors at the college potentially affected by Gary's decision? multiple choice 3 Yes No Assume that this position is not in public accounting and that Gary Watson is a CPA and a member of the AICPA who is graduating from an MBA program. He is considering this situation using the text’s framework for ethical decisions. Which of the following is not a step in that framework? multiple choice 4 Identify the problem Identify possible courses of action. Identify any constraints relating to the decision. Identify the course of action that maximizes the ethical dilemma involved. Assume that this position is not in public accounting and that Gary Watson is a CPA and a member of the AICPA who is graduating from an MBA program. Which of the following is correct concerning the applicability of the AICPA Code of Professional Conduct relating to Gary Watson in this situation? multiple choice 5 It does not apply. Only the section on independence applies. Certain, but not all, sections apply. All sections apply.
Gary Watson, a graduating business student at a small college, is currently interviewing for a job. Gary was invited by both Tilly Manufacturing Company and Watson Supply Company to travel to a nearby city for an interview. Both companies have offered to pay Gary's expenses. His total expenses for the trip were $96 for mileage on his car and $45 for meals. As he prepares the letters requesting reimbursement, he is considering asking for the total amount of the expenses from both employers. His rationale is that if he had taken separate trips, each employer would have had to pay that amount.
-
Who are the parties that are directly affected by this ethical dilemma?
multiple choice 1
-
Tilly Manufacturing Company
-
Watson Supply Company
-
Both the employers
-
-
Are the other students at the college potentially affected by Gary's decision?
multiple choice 2
-
Yes
-
No
-
-
Are the professors at the college potentially affected by Gary's decision?
multiple choice 3
-
Yes
-
No
Assume that this position is not in public accounting and that Gary Watson is a CPA and a member of the AICPA who is graduating from an MBA program.
-
-
He is considering this situation using the text’s framework for ethical decisions. Which of the following is not a step in that framework?
multiple choice 4
-
Identify the problem
-
Identify possible courses of action.
-
Identify any constraints relating to the decision.
-
Identify the course of action that maximizes the ethical dilemma involved.
Assume that this position is not in public accounting and that Gary Watson is a CPA and a member of the AICPA who is graduating from an MBA program.
-
-
Which of the following is correct concerning the applicability of the AICPA Code of Professional Conduct relating to Gary Watson in this situation?
multiple choice 5
-
It does not apply.
-
Only the section on independence applies.
-
Certain, but not all, sections apply.
-
All sections apply.
-
Step by step
Solved in 2 steps
