Test Bank - for Ethical Obligations and Decision-Making in Accounting Text and Cases 6th Edition By Steven Mintz, William Miller, All Chapters | Complete Guide A+

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




TEST BANK HF




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,TABLE OF CONTENT HF HF




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 Chap
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ter 6: Motivation for Fraudulent Financial Reporting
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Chapter 7: Consequences of Earnings Management: The Need for Ethical Leadership in Accounting
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Chapter 8: Auditors’ Legal Liabilities and Defenses
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,Chapter 01 6e Mintz HF HF HF
Answers Included ✅ HF H F




MULTIPLE CHOICE - HF HF




Choose the one alternative that best completes the statement 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
D) due care HF




2) Jane finds a material misstatement while auditing a client's accounts receivables. Her s
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enior tells her to ignore the misstatement so that the client does not get upset. Jane wants to be
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Fviewed as a team player in order to advance in the firm, so Jane follows her senior's instructio
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ns and ignores the misstatement. Which ethical theory did Jane use to make her decision?
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A) egoism
B) justice
C) virtue ethics HF




D) utilitarianism



3) Which of the following situations would be considered ethical?
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A) The cashier at Wal- HF HF HF




Mart gives you $5 more than you were supposed to receive and you don't do anything abou
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t 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.HF HF HF HF HF HF HF HF HF




4) Which of the following characteristics does not describe the importance of integrity i
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n decision making?
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, A) Acting out of moral principle
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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 Coope
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r 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. HF HF HF




D) rationalize unethical actions. HF HF




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




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




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