Ethics in Accounting and Finance
Ethical dilemmas arise when individuals face situations where they must choose between two or more conflicting ethical principles, making it difficult to determine the right course of action. These conflicts often involve competing values or obligations, leading to moral uncertainty. Understanding ethical dilemmas is crucial for navigating complex decision-making processes, especially when applying ethical decision-making models and evaluating consequences in the context of utilitarianism and consequentialism.
congrats on reading the definition of ethical dilemmas. now let's actually learn it.