A) Doing what is right B) One's duty to act in a socially acceptable manner C) One's ability to meet or exceed their potential D) What one ought to do when presented with an ethical dilemma A) Doing what is right B) One's duty to act in a socially acceptable manner C) One's ability to meet or exceed their potential D) What one ought to do when presented with an ethical dilemma

Exam 1: Ethical Reasoning Implications for Accounting

The school board has received a bomb threat claiming that a bomb would be detonated at noon on Monday at the high school.The threat was received by the school board at 8 pm on Sunday night.The school met and tried to decide how to handle the threat, keeping in mind the obligations to students, parents, and the public.The school board came up with three alternative solutions. 1) Do nothing as a majority of the time bomb threats to schools are a hoax. 2) Call off school at the high school on Monday.Have an announcement made on the 10 pm Sunday news announcing that a water main is broken.(Some members of the board feel that such an announcement of the breaking water main will prevent copycat threats.) 3) Call off school at the high school on Monday.Have an announcement made on the 10 pm Sunday news announcing that a bomb threat had been received. Discuss which ethical theory supports each alternative.Which would you choose and why?

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(Essay)

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Question 1

Correct Answer:

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The essay was written to have no right answer: but rather for the student to display understanding of theories and critical thinking skills.
1) This may not require a theory.It is business as usual.Students may discuss the rights of students and parents for safety.
2) This is protecting the public and students' interest but is telling a lie to achieve this end.Thus students should mention Kant on the duty to not tell a lie and Utilitarianism on the least harm to all.Rights might also be mentioned as to whether the public, parents, and students have a right to know the truth.
3) This is protecting the public and students' interest and is telling the truth.Thus students should mention Kant on the duty to not tell a lie, utilitarianism on the least harm to all, and rights of the public, parents, and students have a right to know the truth.One consequence that students might consider is whether the public, parent, and students are better served when all know the truth (what if there are copycat threats).

Greatest good for the greatest number of people is the theory of __________.

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(Multiple Choice)

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Question 2

Correct Answer:

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An important modern contributor to the theory of justice is:

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(Multiple Choice)

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Question 3

Correct Answer:

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An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:

(Multiple Choice)

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Question 4

Utilitarian philosophers are divided into two types: act utilitarian and

(Multiple Choice)

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Question 5

The method of ethical reasoning that evaluates actions in terms of harms and benefits is:

(Multiple Choice)

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Question 6

The best restatement of Kant's categorical imperative is:

(Multiple Choice)

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Question 7

Egoists maintain a general principle of the following sort:

(Multiple Choice)

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Question 8

The Rights Theory incorporates all of the following elements except for:

(Multiple Choice)

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Question 9

The main issue in the Reneging on a Promise case is:

(Multiple Choice)

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Question 10

The method of ethical reasoning that deals with making decisions after considering the interests of others is:

(Multiple Choice)

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Question 11

Virtue ethics is

(Multiple Choice)

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Question 12

The Public Interest Principle in the AICPA Code of Professional Conduct recognizes:

(Multiple Choice)

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Question 13

Deontology deals with

(Multiple Choice)

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Question 14

The most important duty of public accounting is to the:

(Multiple Choice)

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Question 15

Kant's categorical imperative principle suggests that:

(Multiple Choice)

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Question 16

Aristotle believed that __________ always preceded the choice of action.

(Multiple Choice)

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Question 17

Each of the following describes the behavior of Cynthia Cooper in the WorldCom fraud except for:

(Multiple Choice)

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Question 18

Michael Josephson, founder of the Josephson Institute of Ethics, is credited for:

(Multiple Choice)

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Question 19

Each of the following characteristics describes the importance of integrity in decision making except for:

(Multiple Choice)

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Question 20

Showing 1 - 20 of 97

Greatest good for the greatest number of people is the theory of __________.

An important modern contributor to the theory of justice is:

An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:

Utilitarian philosophers are divided into two types: act utilitarian and

The method of ethical reasoning that evaluates actions in terms of harms and benefits is:

The best restatement of Kant's categorical imperative is:

Egoists maintain a general principle of the following sort:

The Rights Theory incorporates all of the following elements except for:

The main issue in the Reneging on a Promise case is:

The method of ethical reasoning that deals with making decisions after considering the interests of others is:

Virtue ethics is

The Public Interest Principle in the AICPA Code of Professional Conduct recognizes:

Deontology deals with

The most important duty of public accounting is to the:

Kant's categorical imperative principle suggests that:

Aristotle believed that __________ always preceded the choice of action.

Each of the following describes the behavior of Cynthia Cooper in the WorldCom fraud except for:

Michael Josephson, founder of the Josephson Institute of Ethics, is credited for:

Each of the following characteristics describes the importance of integrity in decision making except for:

Accountants Ethical Decision Process and Professional Judgment

Corporate Governance and Ethical Management

Aicpa Code of Professional Conduct

Audit Responsibilities and Accounting Fraud

Legal and Regulatory Obligations in an Ethical Framework

Earnings Management and the Quality of Financial Reporting

International Financial Reporting: Ethics and Corporate Governance Considerations

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