Multiple Choice
Steve is deep in debt due to a gambling problem. He is the bookkeeper for a family-owned business, Cal Poly Greenery. The company has only three employees - Steve, the husband, and the wife. All three have been friends for many years. One day the loan shark who lent Steve $20,000 comes knocking at his door asking for repayment of the loan. Steve convinces the loan shark to give him another day. The following day Steve writes a check on the company's books to himself for $20,000. Since he reconciles the bank accounts and prepares the financial statements, Steve knows it's unlikely the owners will ever know about what he has done. From an ethical perspective, Steve has:
A) Violated the trust placed in him by the owners
B) Risked his reputation if the loan shark finds out
C) Risked his ability to continue working for Cal Poly Greenery
D) All of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The basic and fundamental beliefs that guide
Q2: Why do you think potential employers of
Q3: Internal rewards of accounting practice include:<br>A) Wealth
Q4: Your manager asks you to "cook the
Q5: What is the common characteristic of Aristotle's
Q7: What is the role of a code
Q8: Why is it important to consider cultural
Q9: Explain the steps that should be taken
Q10: The method of ethical reasoning that deals
Q11: Greatest good for the greatest number of