Proper ethical conduct implies that you only consider what's in your best interest.

• A. True
• B. False
• C. Only in business decisions
• D. Depends on personal values

Answer: (B)

Ethical conduct means acting with honesty, fairness, and accountability, and considering how your decisions affect others, the organization, and the public. You don’t base choices only on what benefits you; pursuing only self-interest undermines trust, can violate laws and professional standards, and damages reputation. In accounting, this means protecting confidentiality, avoiding conflicts of interest, and presenting information accurately even when it’s not the easiest path. So the statement is not correct because proper ethics require weighing broader responsibilities beyond personal gain, applying consistent standards in all decisions, not just in business, and recognizing that personal values guide—but do not solely determine—ethical behavior.