Test Bank For Ethical Obligations and Decision-Making in Accounting Text and Cases 6th Edition By Steven Mintz| 9781265059613| All Chapters 1-10|LATEST

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,Test Bank Ethical Obligations and Decision-Making inAccounting: Text and Cases, 6th
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Edition by Steven Mintz and William Miller
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Chapter 01 6e Mintz i i i
Answers Included i




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 i




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 i



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. i i i i i i i i i




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 i i i i



B) Being loyal to one's superiori i i i



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 in
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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. i i i



D) rationalize unethical actions. i i




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 i i i



B) knowing the difference between right and wrong
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C) always following the law i i i



D) the moral point of view
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8) Ethical relativism can best be described as
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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 holds that integrity should be maintained in the face of pressure by
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others.
C) an ethical reasoning method that holds one should always act out of self-interest.
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D) an ethical reasoning method that holds one should always consider the effect of one's
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actions on others.
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9) Which of the following is not a pillar of character according to the Josephson Institute?
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A) caring
B) citizenship
C) respect
D) judgmental



10) Which of the following is not an element of trustworthiness according to the Six Pillars of
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Character?
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A) reliability
B) loyalty
C) fairness
D) honesty



11) An accountant who blows the whistle on financial wrongdoing by his/her employer by
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going outside the entity violates
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A) the due care principle.
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B) confidentiality.
C) one's reliability obligation.
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D) public interest obligation. i i




12) Cancel culture results in each of the following except:
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