Ethical Obligations and Decision-Making in Accounting: Text and Cases,
6th Edition
by Mintz and Miller
TESTBANK
1
,TABLE OF CONTENT
Chapter 1: Ethical Reasoning: Implications for Accounting
aq
Chapter 2: Cognitive Processes and Ethical Decision Making in Accounting
aq
Chapter 3: Organizational Ethics and Corporate Governance
Chapter 4: AICPA Code of Professional Conduct
Chapter 5: Fraud in Financial Statements and Auditor Responsibilities Cha
pter 6: Motivation for Fraudulent Financial Reporting
Chapter 7: Consequences of Earnings Management: The Need for Ethical Leadership in Accounting Chapte
r 8: Auditors’ Legal Liabilities and Defenses
2
, Chapter 01 6e Mintz Answers Included ✅
MULTIPLE CHOICE -
Choose the one alternative that best completes the statement or answers the question.
aq aq
1) What is thecommon characteristic of Aristotle's virtues and ethical standards for CPAs?
aq aq
A) truthfulness
B) integrity
C) loyalty
D) duecare
2) Jane finds a material misstatement while auditing a client's accounts receivables. Her se
nior tells her to ignore themisstatement so that the client does not get upset. Jane wants to be vie
aq aq
wed as a team player in order to advance in the firm, so Jane follows her senior's instructions and i
aq aq aq
gnores the misstatement. Which ethical theory did Jane use to make her decision?
A) egoism
B) justice
C) virtueethics
D) utilitarianism
3) Which of‘‗the‘‗following situations‘‗would‘‗be‘‗considered‘‗ethical?
aq aq
A) The cashier‘‗at‘‗Wal-
aq
Mart‘‗gives‘‗you‘‗$5‘‗more‘‗than‘‗you were‘‗supposed to receive‘‗and you‘‗don't‘‗do‘‗anything‘‗ about‘‗it.
aq aq aq aq
B) You‘‗accidentallyback‘‗into‘‗a‘‗car‘‗at‘‗Wal-Mart‘‗and leave‘‗your‘‗information‘‗for‘‗them to
aq aq
call.
C) You‘‗receive‘‗fake‘‗$20‘‗bills‘‗and‘‗use‘‗them‘‗in‘‗a‘‗store‘‗while‘‗knowing they‘‗are‘‗fake.
aq
D) You‘‗find‘‗a phone‘‗ina‘‗restaurant and keep‘‗it.
aq aq aq
4) Which of‘‗the‘‗following‘‗characteristicsdoes‘‗not’‘describetheimportance‘‗of‘‗integrity‘‗in‘‗
aq
d‘‗ecisionmaking?
aq
3
, A) Acting‘‗out‘‗of moral‘‗principle
aq
B) Being‘‗loyal‘‗to one's superior aq aq
C) Having the‘‗courage‘‗to‘‗do‘‗the‘‗right thing
aq aq
D) Not‘‗subordinating‘‗professional‘‗judgment to‘‗others aq
5) Which of‘‗the‘‗following‘‗characteristicsdoes‘‗not’‘describethebehavior‘‗of‘‗Cynthia‘‗Cooper
aq
‘‗i‘‗n‘‗the‘‗WorldCom‘‗fraud?
A) persistence
B) competence
C) integrity
D) conformity
6) Theancient‘‗Greeks‘‗thought of‘‗the‘‗virtues‘‗as characteristics of‘‗behavior‘‗that
aq aq aq
A) could‘‗lead‘‗to‘‗a good‘‗life. aq
B) make‘‗up‘‗the‘‗"six‘‗pillars‘‗of‘‗character".
C) support the rights‘‗theory.
aq aq
D) rationalize unethical‘‗actions.
aq
7) Which of‘‗the‘‗following‘‗elements‘‗does‘‗not’‘make‘‗up an‘‗integral‘‗part‘‗of‘‗what‘‗is meant by
aq aq aq aq
‘‗"e‘‗thics"?
A) accepted‘‗standards‘‗of‘‗behavior
B) knowing‘‗the‘‗difference‘‗between‘‗right and‘‗wrong aq
C) always following‘‗the‘‗law
aq
D) the‘‗moral‘‗point of‘‗view aq
8) Ethicalrelativism‘‗can‘‗best be‘‗described as aq aq
4
6th Edition
by Mintz and Miller
TESTBANK
1
,TABLE OF CONTENT
Chapter 1: Ethical Reasoning: Implications for Accounting
aq
Chapter 2: Cognitive Processes and Ethical Decision Making in Accounting
aq
Chapter 3: Organizational Ethics and Corporate Governance
Chapter 4: AICPA Code of Professional Conduct
Chapter 5: Fraud in Financial Statements and Auditor Responsibilities Cha
pter 6: Motivation for Fraudulent Financial Reporting
Chapter 7: Consequences of Earnings Management: The Need for Ethical Leadership in Accounting Chapte
r 8: Auditors’ Legal Liabilities and Defenses
2
, Chapter 01 6e Mintz Answers Included ✅
MULTIPLE CHOICE -
Choose the one alternative that best completes the statement or answers the question.
aq aq
1) What is thecommon characteristic of Aristotle's virtues and ethical standards for CPAs?
aq aq
A) truthfulness
B) integrity
C) loyalty
D) duecare
2) Jane finds a material misstatement while auditing a client's accounts receivables. Her se
nior tells her to ignore themisstatement so that the client does not get upset. Jane wants to be vie
aq aq
wed as a team player in order to advance in the firm, so Jane follows her senior's instructions and i
aq aq aq
gnores the misstatement. Which ethical theory did Jane use to make her decision?
A) egoism
B) justice
C) virtueethics
D) utilitarianism
3) Which of‘‗the‘‗following situations‘‗would‘‗be‘‗considered‘‗ethical?
aq aq
A) The cashier‘‗at‘‗Wal-
aq
Mart‘‗gives‘‗you‘‗$5‘‗more‘‗than‘‗you were‘‗supposed to receive‘‗and you‘‗don't‘‗do‘‗anything‘‗ about‘‗it.
aq aq aq aq
B) You‘‗accidentallyback‘‗into‘‗a‘‗car‘‗at‘‗Wal-Mart‘‗and leave‘‗your‘‗information‘‗for‘‗them to
aq aq
call.
C) You‘‗receive‘‗fake‘‗$20‘‗bills‘‗and‘‗use‘‗them‘‗in‘‗a‘‗store‘‗while‘‗knowing they‘‗are‘‗fake.
aq
D) You‘‗find‘‗a phone‘‗ina‘‗restaurant and keep‘‗it.
aq aq aq
4) Which of‘‗the‘‗following‘‗characteristicsdoes‘‗not’‘describetheimportance‘‗of‘‗integrity‘‗in‘‗
aq
d‘‗ecisionmaking?
aq
3
, A) Acting‘‗out‘‗of moral‘‗principle
aq
B) Being‘‗loyal‘‗to one's superior aq aq
C) Having the‘‗courage‘‗to‘‗do‘‗the‘‗right thing
aq aq
D) Not‘‗subordinating‘‗professional‘‗judgment to‘‗others aq
5) Which of‘‗the‘‗following‘‗characteristicsdoes‘‗not’‘describethebehavior‘‗of‘‗Cynthia‘‗Cooper
aq
‘‗i‘‗n‘‗the‘‗WorldCom‘‗fraud?
A) persistence
B) competence
C) integrity
D) conformity
6) Theancient‘‗Greeks‘‗thought of‘‗the‘‗virtues‘‗as characteristics of‘‗behavior‘‗that
aq aq aq
A) could‘‗lead‘‗to‘‗a good‘‗life. aq
B) make‘‗up‘‗the‘‗"six‘‗pillars‘‗of‘‗character".
C) support the rights‘‗theory.
aq aq
D) rationalize unethical‘‗actions.
aq
7) Which of‘‗the‘‗following‘‗elements‘‗does‘‗not’‘make‘‗up an‘‗integral‘‗part‘‗of‘‗what‘‗is meant by
aq aq aq aq
‘‗"e‘‗thics"?
A) accepted‘‗standards‘‗of‘‗behavior
B) knowing‘‗the‘‗difference‘‗between‘‗right and‘‗wrong aq
C) always following‘‗the‘‗law
aq
D) the‘‗moral‘‗point of‘‗view aq
8) Ethicalrelativism‘‗can‘‗best be‘‗described as aq aq
4
