Test Bank for Ethical Obligations and Decision Making in Accounting: Text and Cases (6th Edition) by Steven M. Mintz and William F. Miller

Ethical Obligations and Decision-Making in Accounting: Text and Cases,
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6th
Edition
by Mintz
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Miller
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TEST BANK bk




1

,TABLE OF CONTENT bk bk




Chapter 1: Ethical Reasoning: Implications for Accounting
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Chapter 2: Cognitive Processes and Ethical Decision Making in Accounting
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Chapter 3: Organizational Ethics and Corporate Governance
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Chapter 4: AICPA Code of Professional Conduct
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Chapter 5: Fraud in Financial Statements and Auditor Responsibilities
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Chapter 6: Motivation for Fraudulent Financial Reporting
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Chapter 7: Consequences of Earnings Management: The Need for Ethical Leadership in
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Accounting
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Chapter 8: Auditors’ Legal Liabilities and Defenses
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2

,Chapter 01 6e Mintz bk bk bk
Answers Included ✅ bk b k




MULTIPLE CHOICE - Choose the one alternative that best completes the statement
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or answers the question.
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1) What is the common characteristic of Aristotle's virtues and ethical standards for CPAs?
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A) truthfulness
B) integrity
C) loyalty
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2) Jane finds a material misstatement while auditing a client's accounts receivables. Her
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b ksenior tells her to ignore the misstatement so that the client does not get upset. Jane wants
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to be viewed as a team player in order to advance in the firm, so Jane follows her senior's
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instructions and ignores the misstatement. Which ethical theory did Jane use to make her
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decision?
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A) egoism
B) justice
C) virtue ethics bk



D) utilitarianism



3) Which of the following situations would be considered ethical?
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A) The cashier at Wal-Mart gives you $5 more than you were supposed to receive
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and you don't do anything about it.
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B) You accidentally back into a car at Wal-Mart and leave your information for them to
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call.
C) You receive fake $20 bills and use them in a store while knowing they are fake.
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D) You find a phone in a restaurant and keep it. bk bk bk bk bk bk bk bk bk




4) Which of the following characteristics does not describe the importance of integrity
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in
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3

, A) Acting out of moral principle bk bk bk bk


B) Being loyal to one's superior
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C) Having the courage to do the right thing
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D) Not subordinating professional judgment to others
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5) Which of the following characteristics does not describe the behavior of Cynthia
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Cooper in the WorldCom fraud?
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A) persistence
B) competence
C) integrity
D) conformity



6) The ancient Greeks thought of the virtues as characteristics of behavior that
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A) could lead to a good life.
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B) make up the "six pillars of character".
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C) support the rights theory. bk bk bk



D) rationalize unethical actions. bk bk




7) Which of the following elements does not make up an integral part of what is
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meant by "ethics"?
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A) accepted standards of behavior bk bk bk



B) knowing the difference between right and wrong
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C) always following the law bk bk bk



D) the moral point of view
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8) Ethical relativism can best be described as
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4