Question 1

Many critics say the biggest fault with deontological theories is

Accepted Answer

A) no clear way to resolve conflicts between moral duties 
B) the separation of consequences from duties 
C) the requirement to respect people as human beings 
D) not being able to treat people as only a means 
A) no clear way to resolve conflicts between moral duties 
B) the separation of consequences from duties 
C) the requirement to respect people as human beings 
D) not being able to treat people as only a means

Question 2

When applying Utilitarianism to judge actions, what is the only thing that matters?

Accepted Answer

A) Motives 
B) History 
C) Consequences 
D) Rights 
A) Motives 
B) History 
C) Consequences 
D) Rights

Question 3

The philosophical belief that you should judge the result, not the action (end justifies the means) is?

Accepted Answer

A) Utilitarianism 
B) Deontology 
C) Justice 
D) Virtue ethics 
A) Utilitarianism 
B) Deontology 
C) Justice 
D) Virtue ethics

Question 4

Each of the following is a pillar of character according to the Josephson Institute except for:

Accepted Answer

A) Caring 
B) Citizenship 
C) Respect 
D) Judgmental 
A) Caring 
B) Citizenship 
C) Respect 
D) Judgmental

Question 5

The Golden Rule requires we treat

Accepted Answer

A) each situation and person differently 
B) others as we would like to be treated 
C) others in a way to advances ourselves 
D) equals unequally 
A) each situation and person differently 
B) others as we would like to be treated 
C) others in a way to advances ourselves 
D) equals unequally

Question 6

George is in the middle of a high stakes poker game when he notices what he thinks is cheating by another player.It appears to George that this player took a card from his lap and switched it with a card that he was dealt.If George is a utilitarian thinker, he should:

Accepted Answer

A) Accuse the alleged cheater of cheating in front of all the other players 
B) Consider what might happen if he accuses the player of cheating and he is wrong 
C) Speak to the alleged cheater during a regularly scheduled break and tell him not to do it again 
D) Forget about the whole matter 
A) Accuse the alleged cheater of cheating in front of all the other players 
B) Consider what might happen if he accuses the player of cheating and he is wrong 
C) Speak to the alleged cheater during a regularly scheduled break and tell him not to do it again 
D) Forget about the whole matter

Question 7

Adam Smith's philosophy was that the pursuit of one's own interest led by the invisible hand of a free marketplace leads to promoting the interests of society.Which of the following does not help the invisible hand mechanism work efficiently?

Accepted Answer

A) Prohibitions against theft and fraud. 
B) Principles of honesty and integrity. 
C) Strong property rights. 
D) Rights of compensation. 
A) Prohibitions against theft and fraud. 
B) Principles of honesty and integrity. 
C) Strong property rights. 
D) Rights of compensation.

Question 8

Sally is the only student from a foreign country in an Auditing class.On the day of the midterm exam, Sally asks the teacher whether she could use a dictionary to translate English words to her native tongue so she can better understand the questions.What do you think the instructor should do if she follows the ethical principle of justice?

Accepted Answer

A) Allow Sally to use the dictionary since she is at a disadvantage 
B) Not allow Sally to use the dictionary because she should know enough English to get by 
C) Allow the other students to bring in some tool to give them an advantage 
D) None of the above 
A) Allow Sally to use the dictionary since she is at a disadvantage 
B) Not allow Sally to use the dictionary because she should know enough English to get by 
C) Allow the other students to bring in some tool to give them an advantage 
D) None of the above

Question 9

Empathy entails all of the following characteristics of behavior except for:

Accepted Answer

A) Being loyal to one's friends 
B) Being understanding of one's friends 
C) Being sensitive to the feelings of one's friends 
D) All of the above 
A) Being loyal to one's friends 
B) Being understanding of one's friends 
C) Being sensitive to the feelings of one's friends 
D) All of the above

Question 10

Why is it important to be a reliable person?

Accepted Answer

Being a reliable person is important for

Question 11

Virtue ethics emphasize development of good habits of character.What should be the greatest reward of practicing good habits of character, according to MacIntyre?

Accepted Answer

A) External rewards 
B) Money 
C) Internal rewards 
D) Authority of rules 
A) External rewards 
B) Money 
C) Internal rewards 
D) Authority of rules

Question 12

In the Student's Dilemma case, the main ethical issue for Helen is whether:

Accepted Answer

A) She should use the copy of the final exam given to her by her friend to maximize her grade in the course. 
B) She should give a copy of the final exam she found in the Accounting department to her friend. 
C) She should steal the final exam from the instructor's mailbox. 
D) She should tell the instructor that her friend stole the final exam. 
A) She should use the copy of the final exam given to her by her friend to maximize her grade in the course. 
B) She should give a copy of the final exam she found in the Accounting department to her friend. 
C) She should steal the final exam from the instructor's mailbox. 
D) She should tell the instructor that her friend stole the final exam.

Question 13

In the Lone Star School District case, the auditors were mostly concerned about:

Accepted Answer

A) The behavior of a staff member toward client personnel 
B) The falsification of the financial statements 
C) The lack of independence of the audit team 
D) The lack of documentation for travel and entertainment expenses 
A) The behavior of a staff member toward client personnel 
B) The falsification of the financial statements 
C) The lack of independence of the audit team 
D) The lack of documentation for travel and entertainment expenses

Question 14

The relationship between legal and ethical is

Accepted Answer

A) Legal requires more than ethical 
B) Ethical requires more than legal 
C) Legal and ethical are the same thing 
D) Ethical does more than required by the law 
A) Legal requires more than ethical 
B) Ethical requires more than legal 
C) Legal and ethical are the same thing 
D) Ethical does more than required by the law

Question 15

In the Jason Tybell case, the moral of the story can best be expressed as:

Accepted Answer

A) Don't accept an offer and then renege on it to accept a more preferable offer 
B) Be diplomatic and courteous toward client personnel 
C) Don't date a subordinate whose performance you evaluate 
D) Be careful in carrying out professional responsibilities on the job 
A) Don't accept an offer and then renege on it to accept a more preferable offer 
B) Be diplomatic and courteous toward client personnel 
C) Don't date a subordinate whose performance you evaluate 
D) Be careful in carrying out professional responsibilities on the job

Question 16

In the Giles and Regas case, the primary ethical issue can be stated as:

Accepted Answer

A) Whether a subordinate should blow the whistle on a superior who has violated ethical policy 
B) Whether two staff members of the same rank should be allowed to date 
C) Whether a superior should become involved in a dating relationship with a subordinate 
D) Whether a student should renege on the acceptance of an offer from one firm after receiving an offer from a second firm 
A) Whether a subordinate should blow the whistle on a superior who has violated ethical policy 
B) Whether two staff members of the same rank should be allowed to date 
C) Whether a superior should become involved in a dating relationship with a subordinate 
D) Whether a student should renege on the acceptance of an offer from one firm after receiving an offer from a second firm

Question 17

When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting manner?

Accepted Answer

A) If the CFO does not agree to correct the financial statements 
B) The CEO supports the CFO and does not agree to correct the financial statements 
C) The external auditors support the CEO and do not agree to correct the financial statements 
D) The audit committee should always be the first to be informed about such a difference of opinion 
A) If the CFO does not agree to correct the financial statements 
B) The CEO supports the CFO and does not agree to correct the financial statements 
C) The external auditors support the CEO and do not agree to correct the financial statements 
D) The audit committee should always be the first to be informed about such a difference of opinion

Question 18

Each of the following is an element of honesty according to the Josephson Institute except for:

Accepted Answer

A) Reliability 
B) Loyalty 
C) Fairness 
D) Integrity 
A) Reliability 
B) Loyalty 
C) Fairness 
D) Integrity

Question 19

The Independence Principle in the AICPA Code applies to:

Accepted Answer

A) All accountants and auditors 
B) All CPAs regardless of professional services 
C) All CPAs who render attestation services 
D) All members of the audit committee 
A) All accountants and auditors 
B) All CPAs regardless of professional services 
C) All CPAs who render attestation services 
D) All members of the audit committee

Question 20

Ethical relativism can best be described as a:

Accepted Answer

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. 
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.

Many critics say the biggest fault with deontological theories is

When applying Utilitarianism to judge actions, what is the only thing that matters?

The philosophical belief that you should judge the result, not the action (end justifies the means) is?

Each of the following is a pillar of character according to the Josephson Institute except for:

The Golden Rule requires we treat

George is in the middle of a high stakes poker game when he notices what he thinks is cheating by another player.It appears to George that this player took a card from his lap and switched it with a card that he was dealt.If George is a utilitarian thinker, he should:

Adam Smith's philosophy was that the pursuit of one's own interest led by the invisible hand of a free marketplace leads to promoting the interests of society.Which of the following does not help the invisible hand mechanism work efficiently?

Empathy entails all of the following characteristics of behavior except for:

Why is it important to be a reliable person?

Virtue ethics emphasize development of good habits of character.What should be the greatest reward of practicing good habits of character, according to MacIntyre?

In the Student's Dilemma case, the main ethical issue for Helen is whether:

In the Lone Star School District case, the auditors were mostly concerned about:

The relationship between legal and ethical is

In the Jason Tybell case, the moral of the story can best be expressed as:

In the Giles and Regas case, the primary ethical issue can be stated as:

When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting manner?

Each of the following is an element of honesty according to the Josephson Institute except for:

The Independence Principle in the AICPA Code applies to:

Ethical relativism can best be described as a:

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

Many critics say the biggest fault with deontological theories is

When applying Utilitarianism to judge actions, what is the only thing that matters?

The philosophical belief that you should judge the result, not the action (end justifies the means) is?

Each of the following is a pillar of character according to the Josephson Institute except for:

The Golden Rule requires we treat

George is in the middle of a high stakes poker game when he notices what he thinks is cheating by another player.It appears to George that this player took a card from his lap and switched it with a card that he was dealt.If George is a utilitarian thinker, he should:

Adam Smith's philosophy was that the pursuit of one's own interest led by the invisible hand of a free marketplace leads to promoting the interests of society.Which of the following does not help the invisible hand mechanism work efficiently?

Empathy entails all of the following characteristics of behavior except for:

Why is it important to be a reliable person?

Virtue ethics emphasize development of good habits of character.What should be the greatest reward of practicing good habits of character, according to MacIntyre?

In the Student's Dilemma case, the main ethical issue for Helen is whether:

In the Lone Star School District case, the auditors were mostly concerned about:

The relationship between legal and ethical is

In the Jason Tybell case, the moral of the story can best be expressed as:

In the Giles and Regas case, the primary ethical issue can be stated as:

When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting manner?

Each of the following is an element of honesty according to the Josephson Institute except for:

The Independence Principle in the AICPA Code applies to:

Ethical relativism can best be described as a:

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