Question 1

Choosing the action with the best overall consequences for everyone concerned is an example of:

Accepted Answer

A) the principle of egoism 
B) the principle of ethics 
C) the principle of deontology 
D) the principle of utility 
A) the principle of egoism 
B) the principle of ethics 
C) the principle of deontology 
D) the principle of utility

Question 2

Ty is a rising star at Texas State Country & Western Stores.He is the controller of the company.His wife, Rosie, is the lead auditor of the CPA firm that examines Country & Western's financial statements and issues an audit opinion.Given the nature of the relationships, Rosie would violate what ethical standard if she is allowed to conduct the audit:

Accepted Answer

A) Integrity 
B) Due care 
C) Independence 
D) Responsibility 
A) Integrity 
B) Due care 
C) Independence 
D) Responsibility

Question 3

Moral philosophy deals with questions such as "How should I live my life?" and "What sort of person should I strive to be?" How should a person evaluate these questions and come to a conclusion?

Accepted Answer

Evaluating questions of moral philosophy

Question 4

In the Serena Williams case the main ethical issue is whether

Accepted Answer

A) Williams cheated in a tennis match 
B) Williams behaved badly on the tennis court 
C) Williams was treated unfairly by the line judge 
D) All of the above 
A) Williams cheated in a tennis match 
B) Williams behaved badly on the tennis court 
C) Williams was treated unfairly by the line judge 
D) All of the above

Question 5

Evaluate Tiger Woods' behavior towards his wife given his multiple affairs with other women from the perspective of the "Six Pillars of Character."

Accepted Answer

Tiger Woods' behavior towards his wife,

Question 6

The ancient Greeks thought of the virtues as characteristics of behavior that:

Accepted Answer

A) Could lead to a good life 
B) Make up the "six pillars of character" 
C) Support the rights theory 
D) All of the above 
A) Could lead to a good life 
B) Make up the "six pillars of character" 
C) Support the rights theory 
D) All of the above

Question 7

Describe a situation you have encountered in your personal life where you did not follow the law because you judged another alternative to be more ethical? If you can't think of a personal example, make one up but don't use the example in the text of driving on a two-lane divided roadway.Why did you decide to do that act?

Accepted Answer

I'm sorry,

Question 8

Distinguish between the bases for making ethical judgments under each of the ethical reasoning methods discussed in the chapter.

Accepted Answer

The bases for making ethical judgments d

Question 9

Eddie paid an $8 restaurant check with a $10 bill.The waitress gave him $12 back.The most ethical action for Eddie is to:

Accepted Answer

A) Keep the extra $10 
B) Inform the waitress of her overpayment 
C) Inform the manager of the restaurant of the overpayment 
D) Leave a larger tip for the waitress 
A) Keep the extra $10 
B) Inform the waitress of her overpayment 
C) Inform the manager of the restaurant of the overpayment 
D) Leave a larger tip for the waitress

Question 10

According to this theory, each person is so constituted that they will look out only for their own interests.

Accepted Answer

A) Ethical Egoism 
B) Altruism 
C) Psychological Egoism 
D) Utilitarianism 
A) Ethical Egoism 
B) Altruism 
C) Psychological Egoism 
D) Utilitarianism

Question 11

The rights theory emphasizes:

Accepted Answer

A) Equity, fairness, and impartiality as the three major components 
B) Looking beyond self-interest to consider impartially the interests of all persons affected by an action 
C) Virtues are the standards of excellence that characterize relationships 
D) Individuals are entitled to certain rights such as freedom of speech, conscience, consent, and due process 
A) Equity, fairness, and impartiality as the three major components 
B) Looking beyond self-interest to consider impartially the interests of all persons affected by an action 
C) Virtues are the standards of excellence that characterize relationships 
D) Individuals are entitled to certain rights such as freedom of speech, conscience, consent, and due process

Question 12

The ethical reasoning method that is based on treating equals, equally and unequals, unequally is:

Accepted Answer

A) Enlightened egoism 
B) Act utilitarianism 
C) Justice 
D) Virtue 
A) Enlightened egoism 
B) Act utilitarianism 
C) Justice 
D) Virtue

Question 13

Teleology deals with

Accepted Answer

A) Consequences of actions 
B) Fairness to others 
C) Respecting the rights of others 
D) Following prescribed virtue characteristics 
A) Consequences of actions 
B) Fairness to others 
C) Respecting the rights of others 
D) Following prescribed virtue characteristics

Question 14

An internal accountant should always take the following step after exhausting all avenues of appeal within the organization when there is a difference of opinion with top management on an accounting or financial reporting matter:

Accepted Answer

A) Inform the SEC 
B) Terminate employment with the entity 
C) Seek legal advice before taking any action 
D) All of the above 
A) Inform the SEC 
B) Terminate employment with the entity 
C) Seek legal advice before taking any action 
D) All of the above

Question 15

Which theory is based on doing what is right despite the consequences?

Accepted Answer

A) Deontology 
B) Virtue ethics 
C) Teleology 
D) Egoism 
A) Deontology 
B) Virtue ethics 
C) Teleology 
D) Egoism

Question 16

Janice is a staff accountant in the accounting firm of Obama and Biden.She is assigned to the audit of HealthCare Associates.On the very first day Janice noticed that the accounting manager of the client took money out of the petty cash fund and put it in his pocket.The best action for Janice to take is:

Accepted Answer

A) Ignore the situation because Janice doesn't know why the manager pocketed the money 
B) Inform her immediate supervisor of what she observed 
C) Tell another staff accountant who is a friend and ask for her advice 
D) Tell Obama or Biden 
A) Ignore the situation because Janice doesn't know why the manager pocketed the money 
B) Inform her immediate supervisor of what she observed 
C) Tell another staff accountant who is a friend and ask for her advice 
D) Tell Obama or Biden

Question 17

The ethical principle "Act only as you would want everyone to act in the same situation" is stated by:

Accepted Answer

A) Kohlberg's justice orientation 
B) Kant's categorical imperative 
C) Gilligan's care and response orientation 
D) Plato's virtue manifest 
A) Kohlberg's justice orientation 
B) Kant's categorical imperative 
C) Gilligan's care and response orientation 
D) Plato's virtue manifest

Question 18

Thomas Jefferson's writings in the preamble of the Declarations of Independence is a perfect example of what theory?

Accepted Answer

A) Rights Theory 
B) Virtue Theories 
C) Consequentialist Theories 
D) Applied Ethics 
A) Rights Theory 
B) Virtue Theories 
C) Consequentialist Theories 
D) Applied Ethics

Question 19

What is the number one virtue that people should want in a boss?

Accepted Answer

A) Diligence 
B) Commitment 
C) Honesty 
D) Sense of humor 
A) Diligence 
B) Commitment 
C) Honesty 
D) Sense of humor

Question 20

Which philosopher believed, "the ends do not justify the means?"

Accepted Answer

A) Plato 
B) Immanuel Kant 
C) Socrates 
D) Stuart Mill 
A) Plato 
B) Immanuel Kant 
C) Socrates 
D) Stuart Mill

Choosing the action with the best overall consequences for everyone concerned is an example of:

Moral philosophy deals with questions such as "How should I live my life?" and "What sort of person should I strive to be?" How should a person evaluate these questions and come to a conclusion?

In the Serena Williams case the main ethical issue is whether

Evaluate Tiger Woods' behavior towards his wife given his multiple affairs with other women from the perspective of the "Six Pillars of Character."

The ancient Greeks thought of the virtues as characteristics of behavior that:

Distinguish between the bases for making ethical judgments under each of the ethical reasoning methods discussed in the chapter.

Eddie paid an $8 restaurant check with a $10 bill.The waitress gave him $12 back.The most ethical action for Eddie is to:

According to this theory, each person is so constituted that they will look out only for their own interests.

The rights theory emphasizes:

The ethical reasoning method that is based on treating equals, equally and unequals, unequally is:

Teleology deals with

An internal accountant should always take the following step after exhausting all avenues of appeal within the organization when there is a difference of opinion with top management on an accounting or financial reporting matter:

Which theory is based on doing what is right despite the consequences?

The ethical principle "Act only as you would want everyone to act in the same situation" is stated by:

Thomas Jefferson's writings in the preamble of the Declarations of Independence is a perfect example of what theory?

What is the number one virtue that people should want in a boss?

Which philosopher believed, "the ends do not justify the means?"

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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Exam 1: Ethical Reasoning Implications for Accounting

Choosing the action with the best overall consequences for everyone concerned is an example of:

Moral philosophy deals with questions such as "How should I live my life?" and "What sort of person should I strive to be?" How should a person evaluate these questions and come to a conclusion?

In the Serena Williams case the main ethical issue is whether

Evaluate Tiger Woods' behavior towards his wife given his multiple affairs with other women from the perspective of the "Six Pillars of Character."

The ancient Greeks thought of the virtues as characteristics of behavior that:

Distinguish between the bases for making ethical judgments under each of the ethical reasoning methods discussed in the chapter.

Eddie paid an $8 restaurant check with a $10 bill.The waitress gave him $12 back.The most ethical action for Eddie is to:

According to this theory, each person is so constituted that they will look out only for their own interests.

The rights theory emphasizes:

The ethical reasoning method that is based on treating equals, equally and unequals, unequally is:

Teleology deals with

An internal accountant should always take the following step after exhausting all avenues of appeal within the organization when there is a difference of opinion with top management on an accounting or financial reporting matter:

Which theory is based on doing what is right despite the consequences?

The ethical principle "Act only as you would want everyone to act in the same situation" is stated by:

Thomas Jefferson's writings in the preamble of the Declarations of Independence is a perfect example of what theory?

What is the number one virtue that people should want in a boss?

Which philosopher believed, "the ends do not justify the means?"

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

Filters