Question 1

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

Accepted Answer

A)  Rights 
B)  Deontology 
C)  Utilitarianism 
D)  Justice 
A)  Rights 
B)  Deontology 
C)  Utilitarianism 
D)  Justice C

Question 2

In the NYC Subway Death case, the reason that no bystanders helped Ki-Suck Han was probably due to:

Accepted Answer

A)  Moral blindness and ethical fading 
B)  Bystander effect and moral blindness 
C)  Blind spot and moral blindness 
D)  Ethical fading and bystander effect 
A)  Moral blindness and ethical fading 
B)  Bystander effect and moral blindness 
C)  Blind spot and moral blindness 
D)  Ethical fading and bystander effect B

Question 3

Assume you are taking an exam and you see that your friend is cheating. Your professor does not notice it. What should you do if you are trustworthy person?

Accepted Answer

A)  You pretend not to know it. 
B)  You tell your professor immediately. 
C)  You also cheat the exam because your friend does. 
D)  You talk to the friend and advise him or her to confess. 
A)  You pretend not to know it. 
B)  You tell your professor immediately. 
C)  You also cheat the exam because your friend does. 
D)  You talk to the friend and advise him or her to confess. B

Question 4

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

Accepted Answer

A)  Acting out of moral principle 
B)  Being loyal to one's superior 
C)  Having the courage to do the right thing 
D)  Not subordinating professional judgment to others 
A)  Acting out of moral principle 
B)  Being loyal to one's superior 
C)  Having the courage to do the right thing 
D)  Not subordinating professional judgment to others

Question 5

Respect is an important character of behavior because:

Accepted Answer

A)  It entails a loyalty obligation to one's superior 
B)  It enables one to perform professional services competently 
C)  It is critical to maintaining one's integrity 
D)  It encompasses attributes of how we should treat others 
A)  It entails a loyalty obligation to one's superior 
B)  It enables one to perform professional services competently 
C)  It is critical to maintaining one's integrity 
D)  It encompasses attributes of how we should treat others

Question 6

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

Accepted Answer

A)  The interests of others may be subservient to self-interests 
B)  It fails to consider the interests of others 
C)  It can be difficult to evaluate the consequences of actions 
D)  It relies on moral absolutes 
A)  The interests of others may be subservient to self-interests 
B)  It fails to consider the interests of others 
C)  It can be difficult to evaluate the consequences of actions 
D)  It relies on moral absolutes

Question 7

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 8

An important modern contributor to the theory of utilitarianism is:

Accepted Answer

A)  Plato 
B)  John Rawls 
C)  Immanuel Kant 
D)  Jeremy Bentham 
A)  Plato 
B)  John Rawls 
C)  Immanuel Kant 
D)  Jeremy Bentham

Question 9

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

Accepted Answer

A)  He wanted to improve earnings to increase the share price of company stock 
B)  The treatment recommended by the owner for estimating overhead conformed to GAAP 
C)  He was the sole owner of the company and controlled the board of directors 
D)  All of these 
A)  He wanted to improve earnings to increase the share price of company stock 
B)  The treatment recommended by the owner for estimating overhead conformed to GAAP 
C)  He was the sole owner of the company and controlled the board of directors 
D)  All of these

Question 10

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 11

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 12

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

Accepted Answer

A)  The interests of others may be subservient to self-interests 
B)  It is difficult to weigh harms and benefits 
C)  It relies on moral absolutes 
D)  It can be difficult to determine criteria to distinguish equals from unequal claims 
A)  The interests of others may be subservient to self-interests 
B)  It is difficult to weigh harms and benefits 
C)  It relies on moral absolutes 
D)  It can be difficult to determine criteria to distinguish equals from unequal claims

Question 13

Which of the following situations would be considered ethical?

Accepted Answer

A)  The cashier at Wal-Mart gives you $5 more than you were supposed to receive and you don't do anything about it 
B)  You accidentally back into a car at Wal-Mart and leave your information for them to call 
C)  Receiving fake $20 bills and using them in a store while knowing they are fake 
D)  Finding a phone in a restaurant and keeping it 
A)  The cashier at Wal-Mart gives you $5 more than you were supposed to receive and you don't do anything about it 
B)  You accidentally back into a car at Wal-Mart and leave your information for them to call 
C)  Receiving fake $20 bills and using them in a store while knowing they are fake 
D)  Finding a phone in a restaurant and keeping it

Question 14

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 15

Your manager asks you to "cook the books" to support a loan application at the local bank. The manager insists it is a one-time request. If you are a person of integrity, what should you do?

Accepted Answer

A)  Go along with the manager's request 
B)  Talk to others in the company to determine how they handled such situations 
C)  Refuse to go along with the request 
D)  Inform the audit committee 
A)  Go along with the manager's request 
B)  Talk to others in the company to determine how they handled such situations 
C)  Refuse to go along with the request 
D)  Inform the audit committee

Question 16

Deontology deals with

Accepted Answer

A)  Emphasizes rights of others 
B)  Consequences of actions 
C)  Following prescribed virtue characteristics 
D)  Following the law as an element of ethical behavior 
A)  Emphasizes rights of others 
B)  Consequences of actions 
C)  Following prescribed virtue characteristics 
D)  Following the law as an element of ethical behavior

Question 17

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:

Accepted Answer

A)  Loyalty 
B)  Integrity 
C)  Caring 
D)  Civic responsibility 
A)  Loyalty 
B)  Integrity 
C)  Caring 
D)  Civic responsibility

Question 18

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

Accepted Answer

A)  Act Utilitarianism 
B)  Rights Theory 
C)  Justice 
D)  Virtue 
A)  Act Utilitarianism 
B)  Rights Theory 
C)  Justice 
D)  Virtue

Question 19

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

Question 20

Why is it important to consider cultural variables in the workplace?

Accepted Answer

The answer of Why is it important to consider cultural...

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

In the NYC Subway Death case, the reason that no bystanders helped Ki-Suck Han was probably due to:

Assume you are taking an exam and you see that your friend is cheating. Your professor does not notice it. What should you do if you are trustworthy person?

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

Respect is an important character of behavior because:

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

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

An important modern contributor to the theory of utilitarianism 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

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

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

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

Which of the following situations would be considered ethical?

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

Your manager asks you to "cook the books" to support a loan application at the local bank. The manager insists it is a one-time request. If you are a person of integrity, what should you do?

Deontology deals with

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

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

Why is it important to consider cultural variables in the workplace?

Cognitive Processes and Ethical Decision Making in Accounting

Creating an Ethical Organization Environment and Effective Corporate Governance Systems

Aicpa Code of Professional Conduct

Fraud in Financial Statements and Auditor Responsibilities

Legal, Regulatory, and Professional Obligations of Auditors

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

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

In the NYC Subway Death case, the reason that no bystanders helped Ki-Suck Han was probably due to:

Assume you are taking an exam and you see that your friend is cheating. Your professor does not notice it. What should you do if you are trustworthy person?

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

Respect is an important character of behavior because:

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

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

An important modern contributor to the theory of utilitarianism 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

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

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

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

Which of the following situations would be considered ethical?

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

Your manager asks you to "cook the books" to support a loan application at the local bank. The manager insists it is a one-time request. If you are a person of integrity, what should you do?

Deontology deals with

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

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

Why is it important to consider cultural variables in the workplace?

Cognitive Processes and Ethical Decision Making in Accounting

Creating an Ethical Organization Environment and Effective Corporate Governance Systems

Aicpa Code of Professional Conduct

Fraud in Financial Statements and Auditor Responsibilities

Legal, Regulatory, and Professional Obligations of Auditors

Earnings Management and the Quality of Financial Reporting

International Financial Reporting: Ethics and Corporate Governance Considerations

Filters