Question 1

Accountants must abide by a strict code of ethics that defines their responsibilities to

Accepted Answer

A)  their clients only. 
B)  their clients and the public interest. 
C)  the public only. 
D)  their investors and shareholders. 
E)  government regulators. 
A)  their clients only. 
B)  their clients and the public interest. 
C)  the public only. 
D)  their investors and shareholders. 
E)  government regulators.

Question 2

_____ is defined as any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression.

Accepted Answer

A)  Stealing 
B)  Lying 
C)  Fraud 
D)  Misappropriation 
E)  Accounting fraud 
A)  Stealing 
B)  Lying 
C)  Fraud 
D)  Misappropriation 
E)  Accounting fraud

Question 3

_____ are used to obtain or retain business and are not generally considered illegal in the U.S.

Accepted Answer

A)  Facilitation payments 
B)  Bribes 
C)  Gifts 
D)  Coercive techniques 
E)  Threats 
A)  Facilitation payments 
B)  Bribes 
C)  Gifts 
D)  Coercive techniques 
E)  Threats

Question 4

An activity is probably ethical if it

Accepted Answer

A)  is approved of by most individuals in the organization and is customary in the industry. 
B)  is approved of by no one in the organization, but has been carried out in the industry before. 
C)  is customary in the industry. 
D)  is not illegal. 
E)  does not make consumers feel cheated, deceived, or manipulated. 
A)  is approved of by most individuals in the organization and is customary in the industry. 
B)  is approved of by no one in the organization, but has been carried out in the industry before. 
C)  is customary in the industry. 
D)  is not illegal. 
E)  does not make consumers feel cheated, deceived, or manipulated.

Question 5

_____ is an important element of virtue and means being whole, sound, and in unimpaired condition.

Accepted Answer

A)  Optimization 
B)  Ethical issue 
C)  Honesty 
D)  Trust 
E)  Integrity 
A)  Optimization 
B)  Ethical issue 
C)  Honesty 
D)  Trust 
E)  Integrity

Question 6

Discuss that factors that go into creating a hostile work environment. Why is this a bad thing? Give an example of a hostile work environment.

Accepted Answer

A hostile work environment can be create

Question 7

Ethical issues in business typically arise because of conflicts between individuals' personal moral philosophies and values and the

Accepted Answer

A)  values and attitudes of the organization in which they work. 
B)  values and attitudes of the society in which they live. 
C)  values and attitudes of the organization in which they work and the society in which they live. 
D)  laws and regulations of the country in which they live. 
E)  values and attitudes of their parents and religion. 
A)  values and attitudes of the organization in which they work. 
B)  values and attitudes of the society in which they live. 
C)  values and attitudes of the organization in which they work and the society in which they live. 
D)  laws and regulations of the country in which they live. 
E)  values and attitudes of their parents and religion.

Question 8

War metaphors are common in business. This kind of mindset can be dangerous for business leaders because

Accepted Answer

A)  it may lead executives to become violent. 
B)  it may foster the idea that honesty is unnecessary in business. 
C)  it may lead organizations to be excessively aggressive. 
D)  business is not like warfare and the metaphors are not appropriate. 
E)  business is more like a game than a war. 
A)  it may lead executives to become violent. 
B)  it may foster the idea that honesty is unnecessary in business. 
C)  it may lead organizations to be excessively aggressive. 
D)  business is not like warfare and the metaphors are not appropriate. 
E)  business is more like a game than a war.

Question 9

What type of fraudulent activity involves an employee who assists a consumer in fraud?

Accepted Answer

A)  Whacking 
B)  Duplicity 
C)  Guile 
D)  Defamation 
E)  Collusion 
A)  Whacking 
B)  Duplicity 
C)  Guile 
D)  Defamation 
E)  Collusion

Question 10

What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic advantage over an organization?

Accepted Answer

A)  Channel 
B)  Integrative 
C)  Consumer 
D)  Product 
E)  Conventional 
A)  Channel 
B)  Integrative 
C)  Consumer 
D)  Product 
E)  Conventional

Question 11

_____ is the offering of something of value in order to gain an illicit advantage.

Accepted Answer

A)  Shoulder surfing 
B)  Hacking 
C)  Gift exchange 
D)  Conflicts of interest 
E)  Bribery 
A)  Shoulder surfing 
B)  Hacking 
C)  Gift exchange 
D)  Conflicts of interest 
E)  Bribery

Question 12

What type of fraudulent activity could involve a consumer staging an accident to seek damages?

Accepted Answer

A)  Whacking 
B)  Duplicity 
C)  Guile 
D)  Defamation 
E)  Collusion 
A)  Whacking 
B)  Duplicity 
C)  Guile 
D)  Defamation 
E)  Collusion

Question 13

Mr. Smith told his client, Mr. Jabar, who was not an IT expert, that the new software systems were much better than his existing ones. To convince Mr. Jabar, Mr. Smith used a great deal of technical jargon that his client did not really understand. Mr. Smith did this intentionally to confuse Mr. Jabar. This is an example of

Accepted Answer

A)  false advertising. 
B)  commission lying. 
C)  omission lying. 
D)  noise. 
E)  surrogate lying. 
A)  false advertising. 
B)  commission lying. 
C)  omission lying. 
D)  noise. 
E)  surrogate lying.

Question 14

The Kyoto Protocol is an international treaty committed to

Accepted Answer

A)  lowering greenhouse gas emissions. 
B)  limiting bribery in international business relations. 
C)  making medical care available to the poverty stricken. 
D)  eliminating the exploitation of third-world workers. 
E)  creating equal employment opportunities for men and women. 
A)  lowering greenhouse gas emissions. 
B)  limiting bribery in international business relations. 
C)  making medical care available to the poverty stricken. 
D)  eliminating the exploitation of third-world workers. 
E)  creating equal employment opportunities for men and women.

Question 15

_____ involves tricking individuals into revealing their passwords or other valuable corporate information.

Accepted Answer

A)  Shoulder surfing 
B)  Remote hacking 
C)  Social engineering 
D)  Physical hacking 
E)  Dumpster diving 
A)  Shoulder surfing 
B)  Remote hacking 
C)  Social engineering 
D)  Physical hacking 
E)  Dumpster diving

Question 16

Which of the following is not a question you need to ask when you suspect that workplace bullying has occurred?

Accepted Answer

A)  Is your boss treating you well and compensating you adequately? 
B)  Is your boss asking obviously impossible things from you without training and stating that, once completed, the work is never good enough? 
C)  Are surprise meetings called without your knowledge? 
D)  Have others at work told you to stop working, talking, or socializing with them? 
E)  Are you never left alone to do your job without interference? 
A)  Is your boss treating you well and compensating you adequately? 
B)  Is your boss asking obviously impossible things from you without training and stating that, once completed, the work is never good enough? 
C)  Are surprise meetings called without your knowledge? 
D)  Have others at work told you to stop working, talking, or socializing with them? 
E)  Are you never left alone to do your job without interference?

Question 17

Among retail stores, _____ is a larger problem than customer shoplifting.

Accepted Answer

A)  poor stock performance 
B)  weak leadership 
C)  internal employee theft 
D)  misuse of merchandise 
E)  employee dissatisfaction 
A)  poor stock performance 
B)  weak leadership 
C)  internal employee theft 
D)  misuse of merchandise 
E)  employee dissatisfaction

Question 18

Which of the following is not a consequence of ethical misconduct?

Accepted Answer

A)  Decreased reputation 
B)  Shaken customer loyalty 
C)  Reduced investor confidence 
D)  Increased sales 
E)  Legal actions by wronged parties 
A)  Decreased reputation 
B)  Shaken customer loyalty 
C)  Reduced investor confidence 
D)  Increased sales 
E)  Legal actions by wronged parties

Question 19

Abusive or intimidating behavior is the most common ethical problem for employees. Which of the following is not related to this concept?

Accepted Answer

A)  Physical threats 
B)  False accusations 
C)  Being annoying 
D)  Profanity 
E)  Performance probation 
A)  Physical threats 
B)  False accusations 
C)  Being annoying 
D)  Profanity 
E)  Performance probation

Question 20

The first step toward understanding business ethics is to

Accepted Answer

A)  know your company's ethical policies. 
B)  know your own morals and philosophies. 
C)  know society's ethical policies. 
D)  develop ethical-issue awareness. 
E)  develop a set of decision-making rules. 
A)  know your company's ethical policies. 
B)  know your own morals and philosophies. 
C)  know society's ethical policies. 
D)  develop ethical-issue awareness. 
E)  develop a set of decision-making rules.

Accountants must abide by a strict code of ethics that defines their responsibilities to

_____ is defined as any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression.

_____ are used to obtain or retain business and are not generally considered illegal in the U.S.

An activity is probably ethical if it

_____ is an important element of virtue and means being whole, sound, and in unimpaired condition.

Discuss that factors that go into creating a hostile work environment. Why is this a bad thing? Give an example of a hostile work environment.

Ethical issues in business typically arise because of conflicts between individuals' personal moral philosophies and values and the

War metaphors are common in business. This kind of mindset can be dangerous for business leaders because

What type of fraudulent activity involves an employee who assists a consumer in fraud?

What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic advantage over an organization?

_____ is the offering of something of value in order to gain an illicit advantage.

What type of fraudulent activity could involve a consumer staging an accident to seek damages?

The Kyoto Protocol is an international treaty committed to

_____ involves tricking individuals into revealing their passwords or other valuable corporate information.

Which of the following is not a question you need to ask when you suspect that workplace bullying has occurred?

Among retail stores, _____ is a larger problem than customer shoplifting.

Which of the following is not a consequence of ethical misconduct?

Abusive or intimidating behavior is the most common ethical problem for employees. Which of the following is not related to this concept?

The first step toward understanding business ethics is to

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

The Institutionalization of Business Ethics

Ethical Decision Making and Ethical Leadership

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

Filters

Exam 3: Emerging Business Ethics Issues

Accountants must abide by a strict code of ethics that defines their responsibilities to

_____ is defined as any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression.

_____ are used to obtain or retain business and are not generally considered illegal in the U.S.

An activity is probably ethical if it

_____ is an important element of virtue and means being whole, sound, and in unimpaired condition.

Discuss that factors that go into creating a hostile work environment. Why is this a bad thing? Give an example of a hostile work environment.

Ethical issues in business typically arise because of conflicts between individuals' personal moral philosophies and values and the

War metaphors are common in business. This kind of mindset can be dangerous for business leaders because

What type of fraudulent activity involves an employee who assists a consumer in fraud?

What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic advantage over an organization?

_____ is the offering of something of value in order to gain an illicit advantage.

What type of fraudulent activity could involve a consumer staging an accident to seek damages?

The Kyoto Protocol is an international treaty committed to

_____ involves tricking individuals into revealing their passwords or other valuable corporate information.

Which of the following is not a question you need to ask when you suspect that workplace bullying has occurred?

Among retail stores, _____ is a larger problem than customer shoplifting.

Which of the following is not a consequence of ethical misconduct?

Abusive or intimidating behavior is the most common ethical problem for employees. Which of the following is not related to this concept?

The first step toward understanding business ethics is to

The Importance of Business Ethics

Stakeholder Relationships, Social Responsibility, and Corporate Governance

The Institutionalization of Business Ethics

Ethical Decision Making and Ethical Leadership

Individual Factors: Moral Philosophies and Values

Organizational Factors: the Role of Ethical Culture and Relationships

Developing an Effective Ethics Program

Managing and Controlling Ethics Programs

Globalization of Ethical Decision Making

Filters