Ethical Obligations and Decision-Making, 6e

TestBankforLooseLeafEthical
ObligationsandDecisionMaking
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inAccounting:TextandCases6th
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bEditionbyStevenM.Mintz&willia F. b




Miller
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AllChapters1-8|AnswersattheBackofEachChapter




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, Chapter 01 MULTIPL b b




b E CHOICEb




Choose the one alternative that best completes the statement or answers theJquestion.
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1) What is the common characteristic of Aristotle's virtuesJand ethical standardsJfor CPAs?
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A) truthfulness

B) integrity

C) loyalty

D) due care
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2) JaneJfinds a material misstatement while auditing aJclient's accounts receivables. Her senior tells her to ig
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noreJthe misstatement so that theJclient does not get upset. Jane wantsJto beJviewed as a team player in orderJ to
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advanceJin theJfirm, so Jane follows her senior's instructions and ignores theJmisstatement. WhichJethical
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theory did Jane use to make herJdecision?
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A) egoism

B) justice

C) virtueJethics

D) utilitarianism



3) Which of the following situations would be consideredJethical?
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A) TheJcashierJat Wal- b



MartJgives you $5 more than youJwereJsupposed toJreceive and you don'tJdoJanything about it.
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B) You accidentally back into a car at Wal-Mart and leaveJyourJinformation for them to call.
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C) You receive fake $20 bills and use them in a store whileJknowing they areJfake.
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D) You find a phone inJa restaurant and keep it.
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4) Which of theJfollowing characteristicsJdoes not describe the importance of integrity in decision m
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aking?
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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 theJfollowing characteristicsJdoesJnot describe the behavior of Cynthia Cooper in the W
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orldCom fraud?
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A) persistence

B) competence

C) integrity

D) conformity



6) The ancient Greeks thought of the virtues asJcharacteristics of behavior that
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A) could lead to a good life.
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B) makeJup the "six pillars of character".
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C) support the rights theory.
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D) rationalize unethical actions. b b




7) Whichof the following elementsJdoesJnot make up an integral part of what is meant by "ethics"?
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A) accepted standards of behavior b b b




B) knowing theJdifference between right and wrong
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C) always following the law
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D) the moral pointJof view
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8) Ethical relativism can best beJdescribedJas others.
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A) a point of view that morality is relative to the norms of one's culture.
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B) a concept that holdsJthat integrity should be maintained in theJfaceJof pressure by
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, C) an ethical reasoning methodJthat holdsJone should alwaysJact out of self-interest.
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D) an ethical reasoningJmethod thatJholds one should always consider theJeffect of one's actions on ot
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hers.
b




9) Which of the following is not a pillar of character accordingJto the Josephson Institute?
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A) caring

B) citizenship

C) respect

D) judgmental



10) Which of the followingJis not anJelement of trustworthiness according toJtheJSix Pillars of Character?
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A) reliability

B) loyalty

C) fairness

D) honesty



11) An accountantJwho blowsJthe whistle on financial wrongdoing by his/her employer by going outsideJth e
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entity violates
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A) the dueJcareJprinciple.
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B) confidentiality.

C) one's reliability obligation.
b b




D) public interest obligation.
b b




12) Cancel culture results in each of the following except:
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A) manifestsJitself through intolerance of othersJwith a point of viewthat diverges from group norms
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B) exhibits aJlackJof respect for something someoneJsaid or did such as makingJoffensive comments to
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ward another
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C) its goal is to embarrass someoneJin their community
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