1
,2
,Test Bank Ethical Obligations and Decision-
x3 x3 x3 x3 x3
Making in Accounting: Text and Cases, 6th Edition by Steven Min x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
z and William Miller x3 x3 x3
Chapter 01 6e Mintz x3 x3 x3
Answers Included x3
MULTIPLE CHOICE - x3 x3
Choose the one alternative that best completes the statement or answers the question.
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
1) What is the common characteristic of Aristotle's virtues and ethical standards for CPAs?
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
A) truthfulness
B) integrity
C) loyalty
D) due care x3
2) Jane finds a material misstatement while auditing a client's accounts receivables. Her
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
be viewed as a team player in order to advance in the firm, so Jane follows her senior's instr
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
uctions and ignores the misstatement. Which ethical theory did Jane use to make her decisio
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
n?
A) egoism
B) justice
C) virtue ethics x3
D) utilitarianism
3) Which of the following situations would be considered ethical?
x3 x3 x3 x3 x3 x3 x3 x3
A) The cashier at Wal- x3 x3 x3
Mart gives you $5 more than you were supposed to receive and you don't do anything abo
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
ut it.
x3
B) You accidentally back into a car at Wal-Mart and leave your information for them to
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
call.
C) You receive fake $20 bills and use them in a store while knowing they are fake.
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
D) You find a phone in a restaurant and keep it. x3 x3 x3 x3 x3 x3 x3 x3 x3
4) Which of the following characteristics does not describe the importance of integrity
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
in decision making?
x3 x3
3
, A) Acting out of moral principle
x3 x3 x3 x3
B) Being loyal to one's superior
x3 x3 x3 x3
C) Having the courage to do the right thing
x3 x3 x3 x3 x3 x3 x3
D) Not subordinating professional judgment to others
x3 x3 x3 x3 x3
5) Which of the following characteristics does not describe the behavior of Cynthia Coop
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
er in the WorldCom fraud?
x3 x3 x3 x3
A) persistence
B) competence
C) integrity
D) conformity
6) The ancient Greeks thought of the virtues as characteristics of behavior that
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
A) could lead to a good life.
x3 x3 x3 x3 x3
B) make up the "six pillars of character".
x3 x3 x3 x3 x3 x3
C) support the rights theory. x3 x3 x3
D) rationalize unethical actions. x3 x3
7) Which of the following elements does not make up an integral part of what is meant
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
by "ethics"?
x3
A) accepted standards of behavior x3 x3 x3
B) knowing the difference between right and wrong
x3 x3 x3 x3 x3 x3
C) always following the lawx3 x3 x3
D) the moral point of view
x3 x3 x3 x3
8) Ethical relativism can best be described as
x3 x3 x3 x3 x3 x3
4
,2
,Test Bank Ethical Obligations and Decision-
x3 x3 x3 x3 x3
Making in Accounting: Text and Cases, 6th Edition by Steven Min x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
z and William Miller x3 x3 x3
Chapter 01 6e Mintz x3 x3 x3
Answers Included x3
MULTIPLE CHOICE - x3 x3
Choose the one alternative that best completes the statement or answers the question.
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
1) What is the common characteristic of Aristotle's virtues and ethical standards for CPAs?
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
A) truthfulness
B) integrity
C) loyalty
D) due care x3
2) Jane finds a material misstatement while auditing a client's accounts receivables. Her
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
be viewed as a team player in order to advance in the firm, so Jane follows her senior's instr
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
uctions and ignores the misstatement. Which ethical theory did Jane use to make her decisio
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
n?
A) egoism
B) justice
C) virtue ethics x3
D) utilitarianism
3) Which of the following situations would be considered ethical?
x3 x3 x3 x3 x3 x3 x3 x3
A) The cashier at Wal- x3 x3 x3
Mart gives you $5 more than you were supposed to receive and you don't do anything abo
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
ut it.
x3
B) You accidentally back into a car at Wal-Mart and leave your information for them to
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
call.
C) You receive fake $20 bills and use them in a store while knowing they are fake.
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
D) You find a phone in a restaurant and keep it. x3 x3 x3 x3 x3 x3 x3 x3 x3
4) Which of the following characteristics does not describe the importance of integrity
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
in decision making?
x3 x3
3
, A) Acting out of moral principle
x3 x3 x3 x3
B) Being loyal to one's superior
x3 x3 x3 x3
C) Having the courage to do the right thing
x3 x3 x3 x3 x3 x3 x3
D) Not subordinating professional judgment to others
x3 x3 x3 x3 x3
5) Which of the following characteristics does not describe the behavior of Cynthia Coop
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
er in the WorldCom fraud?
x3 x3 x3 x3
A) persistence
B) competence
C) integrity
D) conformity
6) The ancient Greeks thought of the virtues as characteristics of behavior that
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
A) could lead to a good life.
x3 x3 x3 x3 x3
B) make up the "six pillars of character".
x3 x3 x3 x3 x3 x3
C) support the rights theory. x3 x3 x3
D) rationalize unethical actions. x3 x3
7) Which of the following elements does not make up an integral part of what is meant
x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3 x3
by "ethics"?
x3
A) accepted standards of behavior x3 x3 x3
B) knowing the difference between right and wrong
x3 x3 x3 x3 x3 x3
C) always following the lawx3 x3 x3
D) the moral point of view
x3 x3 x3 x3
8) Ethical relativism can best be described as
x3 x3 x3 x3 x3 x3
4