Test Bank For Ethical Obligations and Decision Making in Accounting Text and Cases 4th Edition by Steven M Mintz Chair
ISBN:978-1259543470, ISBN-10: 1259543471
Chapter 01: Ethical Reasoning: Implications for Accounting
Multiple Choice Questions
| 1. |
What is the common characteristic of Aristotle’s virtues and ethical standards for CPAs?
|
| 2. |
Jane finds a material misstatement while auditing a client’s accounts receivables. Her senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to be viewed as a team player in order to advance in the firm so Jane follows her senior’s instructions and ignores the misstatement. Which ethical theory did Jane use to make her decision?
|
| 3. |
Which of the following situations would be considered ethical?
| A. |
The cashier at Wal-Mart gives you $5 more than you were supposed to receive and you don’t do anything about it |
| B. |
You accidentally back into a car at Wal-Mart and leave your information for them to call |
| C. |
Receiving fake $20 bills and using them in a store while knowing they are fake |
| D. |
Finding a phone in a restaurant and keeping it |
|
| 4. |
Which of the following characteristics does NOT describe the importance of integrity in decision making?
| A. |
Acting out of moral principle |
| B. |
Being loyal to one’s superior |
| C. |
Having the courage to do the right thing |
| D. |
Not subordinating professional judgment to others |
|
| 5. |
Which of the following characteristics does NOT describe the behavior of Cynthia Cooper in the WorldCom fraud?
|
| 6. |
The ancient Greeks thought of the virtues as characteristics of behavior that:
| A. |
Could lead to a good life |
| B. |
Make up the “six pillars of character” |
| C. |
Support the rights theory |
| D. |
Rationalize unethical actions |
|
| 7. |
Which of the following elements does NOT make up an integral part of what is meant by “ethics”?
| A. |
Accepted standards of behavior |
| B. |
Knowing the difference between right and wrong |
| C. |
Always following the law |
| D. |
The moral point of view |
|
| 8. |
Ethical relativism can best be described as a:
| A. |
Point of view that morality is relative to the norms of one’s culture. |
| B. |
Concept that holds that integrity should be maintained in the face of pressure by others. |
| C. |
An ethical reasoning method that holds one should always act out of self-interest. |
| D. |
An ethical reasoning method that holds one should always consider the effect of one’s actions on others. |
|
Reviews
There are no reviews yet.