Ethics for Accountants - D550 (Chapter 3)
Exam Questions With Correct Answers
Marianne |Jennings |- |Seven |Signs |of |Ethical |Collapse |- |CORRECT |ANSWER✔✔-1.Pressure |to |
maintain |numbers.
2.Fear |and |silence.
3.Young |'uns |and |bigger |than |life |C |E |O.
4.Weak |board |of |directors.
5.Conflicts |of |interests |overlooked |or |unaddressed.
6.Innovation |like |no |other |company.
7.Goodness |in |some |areas |atones |for |evil |in |others.
Role |of |Corporate |Governance |Systems |- |CORRECT |ANSWER✔✔-Stewardship |Function
Maximize |shareholder |wealth
Represent |all |stakeholders
Triple |Bottom |Line |(3 |Ps) |- |CORRECT |ANSWER✔✔-•People.
•Planet.
•Profit.
Economic |Model |of |CSR |- |CORRECT |ANSWER✔✔-Argued |for |by |Milton |Friedman |as |the |one |
and |only |social |responsibility |of |business.
•Increase |profits |by |pursuing |profits |without |deception |while |playing |within |the |rules.
SOX |Section |301 |- |CORRECT |ANSWER✔✔-•Independent |audit |committee.
Exam Questions With Correct Answers
Marianne |Jennings |- |Seven |Signs |of |Ethical |Collapse |- |CORRECT |ANSWER✔✔-1.Pressure |to |
maintain |numbers.
2.Fear |and |silence.
3.Young |'uns |and |bigger |than |life |C |E |O.
4.Weak |board |of |directors.
5.Conflicts |of |interests |overlooked |or |unaddressed.
6.Innovation |like |no |other |company.
7.Goodness |in |some |areas |atones |for |evil |in |others.
Role |of |Corporate |Governance |Systems |- |CORRECT |ANSWER✔✔-Stewardship |Function
Maximize |shareholder |wealth
Represent |all |stakeholders
Triple |Bottom |Line |(3 |Ps) |- |CORRECT |ANSWER✔✔-•People.
•Planet.
•Profit.
Economic |Model |of |CSR |- |CORRECT |ANSWER✔✔-Argued |for |by |Milton |Friedman |as |the |one |
and |only |social |responsibility |of |business.
•Increase |profits |by |pursuing |profits |without |deception |while |playing |within |the |rules.
SOX |Section |301 |- |CORRECT |ANSWER✔✔-•Independent |audit |committee.