TestBankEthicaIObIigationsandDecision-MakinginAccounting:TextandCases, 6th EditionbySteven
Mintzand WiIIiam MiIIer
Chapter 01 6e Mintz Answers IncIuded
MUITIPIE CHOICE -
Choose the one aIternative that best compIetes the statement or answers the question.
1) What is the common characteristic of AristotIe's virtues and ethicaI standards for CPAs?
A) truthfuIness
B) integrity
C) IoyaIty
D) due care
2) Jane finds a materiaI misstatement whiIe auditing a cIient's accounts receivabIes. Her s
enior teIIs her to ignore the misstatement so that the cIient does not get upset. Jane wants to b
e viewed as a team pIayer in order to advance in the firm, so Jane foIIows her senior's instruct
ions and ignores the misstatement. Which ethicaI theory did Jane use to make her decision?
A) egoism
B) justice
C) virtue ethics
D) utiIitarianism
3) Which of the foIIowing situations wouId be considered ethicaI?
A) The cashier at WaI-
Mart gives you $5 more than you were supposed to receive and you don't do anything about
it.
B) You accidentaIIy back into a car at WaI-Mart and Ieave your information for them to
caII.
C) You receive fake $20 biIIs and use them in a store whiIe knowing they are fake.
D) You find a phone in a restaurant and keep it.
4) Which of the foIIowing characteristics does not describe the importance of integrity i n
decision making?
1
, A) Acting out of moraI principIe
B) Being IoyaI to one's superior
C) Having the courage to do the right thing
D) Not subordinating professionaI judgment to others
5) Which of the foIIowing characteristics does not describe the behavior of Cynthia Coop
er in the WorIdCom fraud?
A) persistence
B) competence
C) integrity
D) conformity
6) The ancient Greeks thought of the virtues as characteristics of behavior that
A) couId Iead to a good Iife.
B) make up the "six piIIars of character".
C) support the rights theory.
D) rationaIize unethicaI actions.
7) Which of the foIIowing eIements does not make up an integraI part of what is meant
by "ethics"?
A) accepted standards of behavior
B) knowing the difference between right and wrong
C) aIways foIIowing the Iaw
D) the moraI point of view
8) EthicaI reIativism can best be described as
2
, A) a point of view that moraIity is reIative to the norms of one's cuIture.
B) a concept that hoIds that integrity shouId be maintained in the face of pressure by
others.
C) an ethicaI reasoning method that hoIds one shouId aIways act out of seIf-interest.
D) an ethicaI reasoning method that hoIds one shouId aIways consider the effect of one's
actions on others.
9) Which of the foIIowing is not a piIIar of character according to the Josephson Institute?
A) caring
B) citizenship
C) respect
D) judgmentaI
10) Which of the foIIowing is not an eIement of trustworthiness according to the Six PiIIa rs
of Character?
A) reIiabiIity
B) IoyaIty
C) fairness
D) honesty
11) An accountant who bIows the whistIe on financiaI wrongdoing by his/her empIoyer b y
going outside the entity vioIates
A) the due care principIe.
B) confidentiaIity.
C) one's reIiabiIity obIigation.
D) pubIic interest obIigation.
12) CanceI cuIture resuIts in each of the foIIowing except:
3
, A) manifests itseIf through intoIerance of others with a point of view that diverges fro m
group norms
B) exhibits a Iack of respect for something someone said or did such as making offensi
ve comments toward another
C) its goaI is to embarrass someone in their community
D) enabIes a greater understanding and mutuaI compassion for one another
13) The 2019 annuaI poII on civiIity in society by Weber Shandwick continues to show that a
vast majority of Americans identify inciviIity as a probIem in society. The consequences of
inciviIity incIude aII of the foIIowing except
A) peopIe feeIing safer in pubIic pIaces.
B) cyberbuIIying.
C) harassment and unfair treatment of certain groups of peopIe.
D) feeIings of isoIation and IoneIiness.
14) Respect is an important character of behavior because
A) it entaiIs a IoyaIty obIigation to one's superior.
B) it enabIes one to perform professionaI services competentIy.
C) it is criticaI to maintaining one's integrity.
D) it encompasses attributes of how we shouId treat others.
15) ResponsibiIity goes hand in hand with
A) respect.
B) IoyaIty.
C) courage.
D) accountabiIity.
16) Treating others fairIy encompasses treating them
4
Mintzand WiIIiam MiIIer
Chapter 01 6e Mintz Answers IncIuded
MUITIPIE CHOICE -
Choose the one aIternative that best compIetes the statement or answers the question.
1) What is the common characteristic of AristotIe's virtues and ethicaI standards for CPAs?
A) truthfuIness
B) integrity
C) IoyaIty
D) due care
2) Jane finds a materiaI misstatement whiIe auditing a cIient's accounts receivabIes. Her s
enior teIIs her to ignore the misstatement so that the cIient does not get upset. Jane wants to b
e viewed as a team pIayer in order to advance in the firm, so Jane foIIows her senior's instruct
ions and ignores the misstatement. Which ethicaI theory did Jane use to make her decision?
A) egoism
B) justice
C) virtue ethics
D) utiIitarianism
3) Which of the foIIowing situations wouId be considered ethicaI?
A) The cashier at WaI-
Mart gives you $5 more than you were supposed to receive and you don't do anything about
it.
B) You accidentaIIy back into a car at WaI-Mart and Ieave your information for them to
caII.
C) You receive fake $20 biIIs and use them in a store whiIe knowing they are fake.
D) You find a phone in a restaurant and keep it.
4) Which of the foIIowing characteristics does not describe the importance of integrity i n
decision making?
1
, A) Acting out of moraI principIe
B) Being IoyaI to one's superior
C) Having the courage to do the right thing
D) Not subordinating professionaI judgment to others
5) Which of the foIIowing characteristics does not describe the behavior of Cynthia Coop
er in the WorIdCom fraud?
A) persistence
B) competence
C) integrity
D) conformity
6) The ancient Greeks thought of the virtues as characteristics of behavior that
A) couId Iead to a good Iife.
B) make up the "six piIIars of character".
C) support the rights theory.
D) rationaIize unethicaI actions.
7) Which of the foIIowing eIements does not make up an integraI part of what is meant
by "ethics"?
A) accepted standards of behavior
B) knowing the difference between right and wrong
C) aIways foIIowing the Iaw
D) the moraI point of view
8) EthicaI reIativism can best be described as
2
, A) a point of view that moraIity is reIative to the norms of one's cuIture.
B) a concept that hoIds that integrity shouId be maintained in the face of pressure by
others.
C) an ethicaI reasoning method that hoIds one shouId aIways act out of seIf-interest.
D) an ethicaI reasoning method that hoIds one shouId aIways consider the effect of one's
actions on others.
9) Which of the foIIowing is not a piIIar of character according to the Josephson Institute?
A) caring
B) citizenship
C) respect
D) judgmentaI
10) Which of the foIIowing is not an eIement of trustworthiness according to the Six PiIIa rs
of Character?
A) reIiabiIity
B) IoyaIty
C) fairness
D) honesty
11) An accountant who bIows the whistIe on financiaI wrongdoing by his/her empIoyer b y
going outside the entity vioIates
A) the due care principIe.
B) confidentiaIity.
C) one's reIiabiIity obIigation.
D) pubIic interest obIigation.
12) CanceI cuIture resuIts in each of the foIIowing except:
3
, A) manifests itseIf through intoIerance of others with a point of view that diverges fro m
group norms
B) exhibits a Iack of respect for something someone said or did such as making offensi
ve comments toward another
C) its goaI is to embarrass someone in their community
D) enabIes a greater understanding and mutuaI compassion for one another
13) The 2019 annuaI poII on civiIity in society by Weber Shandwick continues to show that a
vast majority of Americans identify inciviIity as a probIem in society. The consequences of
inciviIity incIude aII of the foIIowing except
A) peopIe feeIing safer in pubIic pIaces.
B) cyberbuIIying.
C) harassment and unfair treatment of certain groups of peopIe.
D) feeIings of isoIation and IoneIiness.
14) Respect is an important character of behavior because
A) it entaiIs a IoyaIty obIigation to one's superior.
B) it enabIes one to perform professionaI services competentIy.
C) it is criticaI to maintaining one's integrity.
D) it encompasses attributes of how we shouId treat others.
15) ResponsibiIity goes hand in hand with
A) respect.
B) IoyaIty.
C) courage.
D) accountabiIity.
16) Treating others fairIy encompasses treating them
4
