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Examen

Test Bank For Business and Professional Ethics for Directors Executives Accountants 8th Edition Brooks

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01-10-2023
Escrito en
2022/2023

1. Ethical dilemmas arise when a. norms and values are in conflict. b. there is only one alternative course of action available. c. norms and values are not in conflict. d. there are several theories of ethical decision making. e. All of these are correct. ANSWER: a POINTS: 1 REFERENCES: Purpose of the Chapter QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 3:19 AM DATE MODIFIED: 4/11/2018 3:20 AM 2. Individuals may be ethical because of a. religious concerns. b. emotional attachment to other people. c. enlightened self-interest. d. None of these are correct. e. All of these are correct. ANSWER: e POINTS: 1 REFERENCES: Ethics & Business QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 3:20 AM DATE MODIFIED: 4/11/2018 3:21 AM 3. Which philosopher argued that self-interest motivates people to form peaceful civil societies? a. Adam Smith b. John Locke c. Thomas Hobbes d. Jeremy Bentham e. John Rawls ANSWER: c POINTS: 1 REFERENCES: Self-interest & Economics QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 3:22 AM DATE MODIFIED: 4/11/2018 3:22 AM 4. Which theory argues that the best ethical alternative is the one that will produce the greatest amount of happiness to the largest number of stakeholders? a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: c POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 3:26 AM DATE MODIFIED: 4/11/2018 3:27 AM 5. Which theory focuses on the moral character of the decision maker? a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: e POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 3:27 AM DATE MODIFIED: 4/11/2018 3:28 AM 6. Which approach focuses on coming up with an innovative solution to an ethical dilemma? a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: d POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:45 AM DATE MODIFIED: 4/11/2018 4:45 AM 7. Which theory argues that equals should be treated equally in relationship to their relevant equalities and differences? a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: b POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:46 AM DATE MODIFIED: 4/11/2018 4:46 AM 8. Which theory is concerned with the motivation of the decision maker rather than the consequences of the decision? a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: a POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:47 AM DATE MODIFIED: 4/11/2018 4:48 AM 9. Two weaknesses of the following approach are (1) it is difficult to determine who demonstrates integrity in the workplace, and (2) it is difficult to choose between compassion and not betraying somebody’s trust: a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: e POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Comprehension DATE CREATED: 4/11/2018 4:48 AM DATE MODIFIED: 4/11/2018 4:49 AM 10. One problem with this theory is that the categorical imperative does not provide clear guidelines for deciding what is right and wrong when two or more moral laws conflict and only one can be chosen: a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: a POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Comprehension DATE CREATED: 4/11/2018 4:49 AM DATE MODIFIED: 4/11/2018 4:50 AM 11. Minority rights may be violated under this approach: a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: c POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:51 AM DATE MODIFIED: 4/11/2018 4:52 AM 12. This approach presupposes that happiness, utility, pleasure, pain and anguish can be quantified: a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: c POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:52 AM DATE MODIFIED: 4/11/2018 4:54 AM 13. This approach, a variant of utilitarianism, considers an action to be ethically good if it will probably produce a greater balance of good over evil: a. act utilitarianism b. active utilitarianism c. sub-utilitarianism d. consequentialism e. virtue ethics ANSWER: d POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:55 AM DATE MODIFIED: 4/11/2018 4:56 AM 14. Under this approach, what is important is that the decision was made for the right reasons: a. deontology b. distributive justice c. utilitarianism d. moral imagination e. virtue ethics ANSWER: a POINTS: 1 REFERENCES: Moral Imagination QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:57 AM DATE MODIFIED: 4/11/2018 4:58 AM 15. Which philosopher argued that self-interest leads to economic cooperation? a. Adam Smith b. John Locke c. Thomas Hobbes d. Jeremy Bentham e. John Rawls ANSWER: a POINTS: 1 REFERENCES: Self-Interest & Economics QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 4:59 AM DATE MODIFIED: 4/11/2018 5:00 AM 16. There are two aspects of justice, but under which aspect is it argued that there should be a consistent application of law? a. distributive justice b. procedural justice c. balance of justice d. deontology e. teleology ANSWER: b POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 5:00 AM DATE MODIFIED: 4/11/2018 5:01 AM 17. If managers use moral imagination to determine ethical alternatives, the decisions need to be good for a. the individual. b. the firm. c. society. d. the individual and the firm. e. All of these are correct. ANSWER: e POINTS: 1 REFERENCES: Moral Imagination QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Comprehension DATE CREATED: 4/11/2018 5:02 AM DATE MODIFIED: 4/11/2018 5:02 AM 18. A difficulty in applying this approach is identifying all possible stakeholders impacted by a decision: a. deontology b. distributive justice c. utilitarianism d. procedural justice/consequentialism e. virtue ethics ANSWER: c POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 5:03 AM DATE MODIFIED: 4/11/2018 5:03 AM 19. Which philosopher argued that social and economic inequalities are just if these inequalities are to everyone’s benefit? a. Adam Smith b. John Locke c. Thomas Hobbes d. Jeremy Bentham e. John Rawls ANSWER: e POINTS: 1 REFERENCES: Moral Imagination QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 5:04 AM DATE MODIFIED: 4/11/2018 5:05 AM 20. According to distributive justice theory, what are the three main criteria for determining the just distribution? a. need, fairness and merit b. need, arithmetic equality and merit c. opportunity, fairness and merit d. opportunity, fairness and arithmetic equality e. need, arithmetic equality and equivalence ANSWER: b POINTS: 1 REFERENCES: Major Ethical Theories Useful in Resolving Ethical Dilemmas QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering DATE CREATED: 4/11/2018 5:05 AM DATE MODIFIED: 4/11/2018 5:06 AM

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Subido en
1 de octubre de 2023
Número de páginas
58
Escrito en
2022/2023
Tipo
Examen
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Preguntas y respuestas

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,1. The difference between what the public thinks it is getting in audited financial statements and what the public
is actually getting is known as the
a. credibility gap.
b. expectations gap.
c. audit gap.
d. stewardship gap.
e. None of these are correct.
ANSWER: b
POINTS: 1
REFERENCES: The Ethics Environment for Business: The Battle for Credibility, Reputation, & Competitive
Advantage
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
KEYWORDS: Bloom’s: Remembering
DATE CREATED: 4/11/2018 12:45 AM
DATE MODIFIED: 4/13/2018 9:16 AM

2. Which of the following is NOT a trend described in Chapter 1 as having an impact on the ethics of business?
a. directors’ legal liability
b. management’s stated intention to protect reputation
c. auditors’ legal liability
d. management’s assertions to shareholders on the adequacy of internal controls
e. management’s stated intention to manage risk
ANSWER: c
POINTS: 1
REFERENCES: Responses & Developments
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
KEYWORDS: Bloom’s: Remembering
DATE CREATED: 4/11/2018 12:49 AM
DATE MODIFIED: 4/11/2018 12:53 AM

3. Which corporate report discusses subjects that include environmental, health and safety, philanthropic and
other social impacts?
a. corporate annual report
b. corporate social responsibility report
c. corporate quarterly report
d. corporate stakeholder report
e. corporate ethics committee report
ANSWER: b
POINTS: 1
REFERENCES: The Ethics Environment for Business: The Battle for Credibility, Reputation, & Competitive
Advantage
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
Copyright Cengage Learning. Powered by Cognero. Page 1

,KEYWORDS: Bloom’s: Remembering
DATE CREATED: 4/11/2018 12:51 AM
DATE MODIFIED: 4/11/2018 12:52 AM

4. Professional accountants, in their fiduciary role, owe their primary loyalty to
a. the accounting profession.
b. the client.
c. the general public.
d. government regulations.
e. All of these are correct.
ANSWER: c
POINTS: 1
REFERENCES: New Expectations for Business
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
KEYWORDS: Bloom’s: Remembering
DATE CREATED: 4/11/2018 12:56 AM
DATE MODIFIED: 4/11/2018 12:56 AM

5. Ethical corporate behavior is expected to lead to
a. higher profitability in the short-term.
b. higher profitability both in the short-term and long-term.
c. lower profitability in the long-term.
d. higher profitability in the long-term.
e. lower profitability both in the short-term and long-term.
ANSWER: d
POINTS: 1
REFERENCES: The Ethics Environment for Business: The Battle for Credibility, Reputation & Competitive
Advantage
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
KEYWORDS: Bloom’s: Comprehension
DATE CREATED: 4/11/2018 12:57 AM
DATE MODIFIED: 4/11/2018 12:58 AM

6. Examining the interests of stakeholders is probably required for
a. high short-term profits.
b. optimal medium and longer-term profits.
c. continuing support from stakeholder groups.
d. effective risk management.
e. All of these are correct.
ANSWER: a
POINTS: 1
REFERENCES: Responses & Developments

Copyright Cengage Learning. Powered by Cognero. Page 2

, QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
KEYWORDS: Bloom’s: Comprehension
DATE CREATED: 4/11/2018 1:13 AM
DATE MODIFIED: 4/11/2018 1:13 AM

7. A value that is almost universally respected by stakeholder groups is a
a. super norm.
b. alfa norm.
c. value norm.
d. hypernorm.
e. general norm.
ANSWER: d
POINTS: 1
REFERENCES: Responses & Developments
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
KEYWORDS: Bloom’s: Remembering
DATE CREATED: 4/11/2018 1:15 AM
DATE MODIFIED: 4/11/2018 1:16 AM

8. Since the mid-1990s, both management and auditors have become increasingly
a. profit management oriented.
b. ethics oriented.
c. value management oriented.
d. risk management oriented.
e. ethics oriented and risk management oriented.
ANSWER: e
POINTS: 1
REFERENCES: Responses & Development
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
KEYWORDS: Bloom’s: Comprehension
DATE CREATED: 4/11/2018 1:19 AM
DATE MODIFIED: 4/11/2018 1:20 AM

9. Which of the following are determinants of reputation?
a. trustworthiness and responsibility
b. credibility, responsibility and relevance
c. responsibility and impartiality
d. relevance and impartiality
e. relevance, credibility and responsibility
ANSWER: a
POINTS: 1
Copyright Cengage Learning. Powered by Cognero. Page 3
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