Exam 1: Ethical Reasoning Implications for Accounting

The credibility standard in the Statement of Ethical Professional Practice of the IMA requires that an accounting professional should:

The least immoral way to break promises:

Aristotle defined __________ as a trait of character manifested in habitual action.

The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harms is:

A CPA would violate the Due Care Principle if he/she:

The biggest problem in implementing a rights approach to decision making is:

In the Cleveland Custom Cabinets case, the owner of the company thought it was all right to manipulate the financial statement numbers primarily because

The biggest problem in implementing an utilitarian approach to decision making is:

Jason is the fastest worker on the audit of a company for the firm Zits LLP.Other Zits workers take twice as long to complete the equivalent amount of work as Jason.One day Jason is approached by the other workers and is asked to slow down "You are exceeding the time budget for the audit and making the rest of us look bad," said one staff member.The best thing for Jason to do is:

According to Kant, humans may be treated as:

Explain what is meant by the phrase: "An error doesn't become a mistake until you refuse to correct it."

The biggest problem in applying virtue theory to decision making is:

Each of the following elements make up an integral part of what is meant by "ethics" except for:

The motive of "duty" is most associated with ___________.

When an employee is given a job evaluation, he has a right to expect

When making a donation at the local Goodwill, Martha tells the clerk that her old computer is worth $400 when she knows it is only worth $100, just so she can deduct more on her taxes.Which theory best describes Martha's behavior?

What is the role of a code of professional conduct and standards of ethical behavior for accountants and auditors?

Many critics say the biggest fault with utilitarianism is that it:

How would you evaluate whether laissez-faire capitalism is a moral economic system?

Kelly is the controller of a small company.One day the CFO comes in and tells her to lower the estimate of uncollectible accounts receivable.Kelly insists her numbers are correct as is.The CFO tells her it will mean her job at the company if she doesn't go along with the smaller estimate.The primary virtue that would enable Kelly to resist the pressure to manipulate the number is: