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+

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,Test Bank Ethical Obligations and Decision-Making in Accounting: Text and Cases, 6
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Edition by Steven Mintz and William Miller g g g g g g g




Chapter 01 6e Mintz g g g
Answers Included g




MULTIPLE CHOICE - Choose the one alternative that best completes the statement or
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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 g




2) Jane finds a material misstatement while auditing a client's accounts receivables. Her
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senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to be
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viewed as a team player in order to advance in the firm, so Jane follows her senior's instructions
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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 g



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 and
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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.
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4) Which of the following characteristics does not describe the importance of integrity in
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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 Cooper
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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.
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D) rationalize unethical actions. g g




7) Which of the following elements does not make up an integral part of what is meant by
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"ethics"?
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A) accepted standards of behavior
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B) knowing the difference between right and wrong
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C) always following the law
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D) the moral point of view
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8) Ethical relativism can best be described as
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