Test Bank: Ethical Obligations and Decision-Making in Accounting (6th Edition) by Steven Mintz and William Miller – Chapters 1–8 Complete (Verified Answers)

TESTV BANKV FOR
EthicalVObligationsVandVDecision-
MakingVinVAccounting:VTextVandVCases,V6thVEditionVbyVStevenVMintzVandVWilliamVMiller
ChapterV1-8

ChapterV01V6eVMintz AnswersVIncludedV
MULTIPLEVCHOICEV-
V
VChooseVtheVoneValternativeVthatVbestVcompletesVtheVstatementVorVVanswersVtheVquesti

on.
1) WhatVisVtheVcommonVcharacteristicVofVAristotle'sVvirtuesVandVethicalVstandardsVforVCPAs
?

A) truthfulness
B) integrity
C) loyalty
D) dueVcare



2) JaneVfindsVaVmaterialVmisstatementVwhileVauditingVaVclient'sVaccountsVreceivables.V
HerVseniorVtellsVherVtoVignoreVtheVmisstatementVsoVthatVtheVclientVdoesVnotVgetVupset.VJa
neVwantsVtoVbeVviewedVasVaVteamVplayerVinVorderVtoVadvanceVinVtheVfirm,VsoVJaneVfollow
sVherVsenior'sVinstructionsVandVignoresVtheVmisstatement.VWhichVethicalVtheoryVdidVJaneV
useVtoVmakeVherVdecision?

A) egoism
B) justice
C) virtueVethics
D) utilitarianism



3) WhichVofVtheVfollowingVsituationsVwouldVbeVconsideredVethical?

A) TheVcashierVatVWal-
MartVgivesVyouV$5VmoreVthanVyouVwereVsupposedVtoVreceiveVandVyouVdon'tVdoVanythin
gVaboutVit.
B) YouVaccidentallyVbackVintoVaVcarVatVWal-
MartVandVleaveVyourVinformationVforVthemVto
call.
C) YouVreceiveVfakeV$20VbillsVandVuseVthemVinVaVstoreVwhileVknowingVtheyVareVfake.
D) YouVfindVaVphoneVinVaVrestaurantVandVkeepVit.



4) WhichVofVtheVfollowingVcharacteristicsVdoesVnotVdescribeVtheVimportanceVofVinteg
1
V|VPVaVgV
e

,rityVinVdecisionVmaking?




2
V|VPVaVgV
e

, A) ActingVoutVofVmoralVprinciple
B) BeingVloyalVtoVone'sVsuperior
C) HavingVtheVcourageVtoVdoVtheVrightVthing
D) NotVsubordinatingVprofessionalVjudgmentVtoVothers



5) WhichVofVtheVfollowingVcharacteristicsVdoesVnotVdescribeVtheVbehaviorVofVCynthiaV
CooperVinVtheVWorldComVfraud?

A) persistence
B) competence
C) integrity
D) conformity



6) TheVancientVGreeksVthoughtVofVtheVvirtuesVasVcharacteristicsVofVbehaviorVthat

A) couldVleadVtoVaVgoodVlife.
B) makeVupVtheV"sixVpillarsVofVcharacter".
C) supportVtheVrightsVtheory.
D) rationalizeVunethicalVactions.



7) WhichVofVtheVfollowingVelementsVdoesVnotVmakeVupVanVintegralVpartVofVwhatVisV
meantVbyV"ethics"?

A) acceptedVstandardsVofVbehavior
B) knowingVtheVdifferenceVbetweenVrightVandVwrong
C) alwaysVfollowingVtheVlaw
D) theVmoralVpointVofVview



8) EthicalVrelativismVcanVbestVbeVdescribedVas




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V|VPVaVgV
e

, A) aVpointVofVviewVthatVmoralityVisVrelativeVtoVtheVnormsVofVone'sVculture.
B) aVconceptVthatVholdsVthatVintegrityVshouldVbeVmaintainedVinVtheVfaceVofVpressureVby
others.
C) anVethicalVreasoningVmethodVthatVholdsVoneVshouldValwaysVactVoutVofVself-interest.
D) anVethicalVreasoningVmethodVthatVholdsVoneVshouldValwaysVconsiderVtheVeffectVofVon
e's
actionsVonVothers.



9) WhichVofVtheVfollowingVisVnotVaVpillarVofVcharacterVaccordingVtoVtheVJosephsonVInstitute
?

A) caring
B) citizenship
C) respect
D) judgmental



10) WhichVofVtheVfollowingVisVnotVanVelementVofVtrustworthinessVaccordingVtoVtheVSix
VPillarsVofVCharacter?


A) reliability
B) loyalty
C) fairness
D) honesty



11) AnVaccountantVwhoVblowsVtheVwhistleVonVfinancialVwrongdoingVbyVhis/herVemplo
yerVbyVgoingVoutsideVtheVentityVviolates

A) theVdueVcareVprinciple.
B) confidentiality.
C) one'sVreliabilityVobligation.
D) publicVinterestVobligation.



12) CancelVcultureVresultsVinVeachVofVtheVfollowingVexcept:


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V|VPVaVgV
e