Question 1

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 these 
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 these

Question 2

Under the IMA's standards of ethical practice, an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or financial reporting matter that remains unresolved if he/she:

Accepted Answer

A)  Believes there is a clear violation of the law 
B)  Contacts his/her immediate superior who says to forget about the matter 
C)  Informs the external auditors who tell him/her to inform the appropriate authorities 
D)  Believes there has been an ethical violation 
A)  Believes there is a clear violation of the law 
B)  Contacts his/her immediate superior who says to forget about the matter 
C)  Informs the external auditors who tell him/her to inform the appropriate authorities 
D)  Believes there has been an ethical violation

Question 3

The country with the highest Power Distance score is

Accepted Answer

A)  United States 
B)  United Kingdom 
C)  Japan 
D)  Russia 
A)  United States 
B)  United Kingdom 
C)  Japan 
D)  Russia

Question 4

The noted researcher who studied how values in the workplace are influenced by culture is:

Accepted Answer

A)  Thomas Hobbes 
B)  Jeremy Bentham 
C)  Aristotle 
D)  Geert Hofstede 
A)  Thomas Hobbes 
B)  Jeremy Bentham 
C)  Aristotle 
D)  Geert Hofstede

Question 5

In the Harvard Cheating Scandal case, using ethical reasoning who is at fault for situation?

Accepted Answer

A)  The professor 
B)  Teaching assistants 
C)  Students who cheated 
D)  All of these 
A)  The professor 
B)  Teaching assistants 
C)  Students who cheated 
D)  All of these

Question 6

In the Capitalization versus Expensing case the main ethical issue is whether Gloria Hernandez should

Accepted Answer

A)  Capitalize or expense $1 million of expenditures 
B)  Report her superiors actions to the CEO 
C)  Talk to the Audit Committee 
D)  Become a whistle blower 
A)  Capitalize or expense $1 million of expenditures 
B)  Report her superiors actions to the CEO 
C)  Talk to the Audit Committee 
D)  Become a whistle blower

Question 7

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 8

Why do ethicists consider integrity to be the foundation of ethical behavior?

Accepted Answer

The answer of Why do ethicists consider integrity to be...

Question 9

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

Accepted Answer

A)  The due care principle 
B)  Confidentiality 
C)  One's reliability obligation 
D)  All of these 
A)  The due care principle 
B)  Confidentiality 
C)  One's reliability obligation 
D)  All of these

Question 10

According to Kant, individuals may be treated as:

Accepted Answer

A)  means to an end 
B)  an end and never as a means only 
C)  other mammals since we are all equal 
D)  an end and never as a means, in some circumstances 
A)  means to an end 
B)  an end and never as a means only 
C)  other mammals since we are all equal 
D)  an end and never as a means, in some circumstances

Question 11

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

Accepted Answer

A)  Accepted standards of behavior 
B)  Knowing the difference between right and wrong 
C)  Always following the law 
D)  The moral point of view 
A)  Accepted standards of behavior 
B)  Knowing the difference between right and wrong 
C)  Always following the law 
D)  The moral point of view

Question 12

Kant's categorical imperative principle suggests that:

Accepted Answer

A)  Only equals should be treated equally 
B)  Everyone should be treated as a free and equal person 
C)  Everyone should be treated unequally 
D)  Only the elite are treated equally 
A)  Only equals should be treated equally 
B)  Everyone should be treated as a free and equal person 
C)  Everyone should be treated unequally 
D)  Only the elite are treated equally

Question 13

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 14

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 15

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 16

Utilitarian philosophers are divided into two types: act utilitarian and

Accepted Answer

A)  Rule utilitarian 
B)  Individual utilitarian 
C)  Ethical utilitarian 
D)  Benefit utilitarian 
A)  Rule utilitarian 
B)  Individual utilitarian 
C)  Ethical utilitarian 
D)  Benefit utilitarian

Question 17

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 18

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 19

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

Accepted Answer

A)  It can be difficult to evaluate the effect of virtues on others in decision making 
B)  It relies on moral absolutes in decision making 
C)  It can be difficult to determine virtues to distinguish equals from unequal claims in decision making 
D)  Conflicts between virtues may make decision making more difficult 
A)  It can be difficult to evaluate the effect of virtues on others in decision making 
B)  It relies on moral absolutes in decision making 
C)  It can be difficult to determine virtues to distinguish equals from unequal claims in decision making 
D)  Conflicts between virtues may make decision making more difficult

Question 20

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

Accepted Answer

The answer of What is the role of a code...

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

Under the IMA's standards of ethical practice, an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or financial reporting matter that remains unresolved if he/she:

The country with the highest Power Distance score is

The noted researcher who studied how values in the workplace are influenced by culture is:

In the Harvard Cheating Scandal case, using ethical reasoning who is at fault for situation?

In the Capitalization versus Expensing case the main ethical issue is whether Gloria Hernandez should

Why do ethicists consider integrity to be the foundation of ethical behavior?

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

According to Kant, individuals may be treated as:

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

Kant's categorical imperative principle suggests that:

The Independence Principle in the AICPA Code applies to:

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

Many critics say the biggest fault with deontological theories is

Utilitarian philosophers are divided into two types: act utilitarian and

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:

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

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

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

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

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

Under the IMA's standards of ethical practice, an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or financial reporting matter that remains unresolved if he/she:

The country with the highest Power Distance score is

The noted researcher who studied how values in the workplace are influenced by culture is:

In the Harvard Cheating Scandal case, using ethical reasoning who is at fault for situation?

In the Capitalization versus Expensing case the main ethical issue is whether Gloria Hernandez should

Why do ethicists consider integrity to be the foundation of ethical behavior?

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

According to Kant, individuals may be treated as:

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

Kant's categorical imperative principle suggests that:

The Independence Principle in the AICPA Code applies to:

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

Many critics say the biggest fault with deontological theories is

Utilitarian philosophers are divided into two types: act utilitarian and

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:

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

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

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

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