Question 1

Which of the following is NOT an element of trustworthiness according to the Six Pillars of Character?

Accepted Answer

A)  Reliability 
B)  Loyalty 
C)  Fairness 
D)  Honesty 
A)  Reliability 
B)  Loyalty 
C)  Fairness 
D)  Honesty

Question 2

Responsibility goes hand in hand with:

Accepted Answer

A)  Respect 
B)  Loyalty 
C)  Courage 
D)  Accountability 
A)  Respect 
B)  Loyalty 
C)  Courage 
D)  Accountability

Question 3

The credibility standard in the Statement of Ethical Professional Practice of the IMA requires that an accounting professional should:

Accepted Answer

A)  Communicate information fairly and objectively 
B)  Disclose all relevant information that might affect the intended user's understanding of the reports, analyses or recommendations 
C)  Disclose delays or deficiencies in information, timeliness, processing or internal controls in conformance with organization policy and the law 
D)  All of the above 
A)  Communicate information fairly and objectively 
B)  Disclose all relevant information that might affect the intended user's understanding of the reports, analyses or recommendations 
C)  Disclose delays or deficiencies in information, timeliness, processing or internal controls in conformance with organization policy and the law 
D)  All of the above

Question 4

Eddie paid an $8 restaurant check with a $10 bill. The waitress gave him $12 back. The most ethical action for Eddie is to:

Accepted Answer

A)  Keep the extra $10 
B)  Inform the waitress of her overpayment 
C)  Inform the manager of the restaurant of the overpayment 
D)  Leave a larger tip for the waitress 
A)  Keep the extra $10 
B)  Inform the waitress of her overpayment 
C)  Inform the manager of the restaurant of the overpayment 
D)  Leave a larger tip for the waitress

Question 5

The biggest problem in applying virtue theory to decision making is:

Accepted Answer

A)  It can be difficult to identify virtues 
B)  It relies on moral absolutes in decision making 
C)  It can be difficult to determine virtues to distinguish equals from unequal claims in decision making 
D)  Conflicts between virtues may make decision making more difficult 
A)  It can be difficult to identify virtues 
B)  It relies on moral absolutes in decision making 
C)  It can be difficult to determine virtues to distinguish equals from unequal claims in decision making 
D)  Conflicts between virtues may make decision making more difficult

Question 6

In the Moral Turpitude case, the primary ethical issue in the case is:

Accepted Answer

A)  Falsification of financial statements 
B)  Violation of the acts discreditable 
C)  The lack of independence of the audit team 
D)  An inappropriate relationship between a supervisor and subordinate 
A)  Falsification of financial statements 
B)  Violation of the acts discreditable 
C)  The lack of independence of the audit team 
D)  An inappropriate relationship between a supervisor and subordinate

Question 7

Kevin Lowe's ethical dilemma in the Eating Time case can best be described as whether to:

Accepted Answer

A)  Date another staff member of the CPA firm 
B)  Inform his supervisor about a lack of diligence of other staff accountants 
C)  Quit his job because he can't meet the firm's expected quality of work 
D)  Devote time on an audit and not charge it to the job 
A)  Date another staff member of the CPA firm 
B)  Inform his supervisor about a lack of diligence of other staff accountants 
C)  Quit his job because he can't meet the firm's expected quality of work 
D)  Devote time on an audit and not charge it to the job

Question 8

Which of the following is NOT a likely rationalization a student might use to justify cheating on an exam?

Accepted Answer

A)  Ethical relativism 
B)  Situational ethics 
C)  Cultural conditioning 
D)  Fair treatment 
A)  Ethical relativism 
B)  Situational ethics 
C)  Cultural conditioning 
D)  Fair treatment

Question 9

The biggest problem in implementing a rights approach to decision making is:

Accepted Answer

A)  The interests of others may be subservient to self-interests 
B)  It is difficult to weigh harms and benefits 
C)  It relies on moral absolutes 
D)  It can be difficult to determine criteria to distinguish equals from unequal claims 
A)  The interests of others may be subservient to self-interests 
B)  It is difficult to weigh harms and benefits 
C)  It relies on moral absolutes 
D)  It can be difficult to determine criteria to distinguish equals from unequal claims

Question 10

George is in the middle of a high stakes poker game when he notices what he thinks is cheating by another player. It appears to George that this player took a card from his lap and switched it with a card that he was dealt. If George is a utilitarian thinker, he should:

Accepted Answer

A)  Accuse the alleged cheater of cheating in front of all the other players 
B)  Consider what might happen if he accuses the player of cheating and he is wrong 
C)  Speak to the alleged cheater during a regularly scheduled break and tell him not to do it again 
D)  Forget about the whole matter 
A)  Accuse the alleged cheater of cheating in front of all the other players 
B)  Consider what might happen if he accuses the player of cheating and he is wrong 
C)  Speak to the alleged cheater during a regularly scheduled break and tell him not to do it again 
D)  Forget about the whole matter

Question 11

In the Shifty Industries case, the primary ethical issue can be stated as:

Accepted Answer

A)  Whether an accountant should claim a higher section 179 deduction than allowed by law. 
B)  Whether an accountant should claim lack of diligence of other staff accountants. 
C)  Whether an accountant should claim inflated expenses on the company tax return. 
D)  Whether an accountant should claim lack of competence by other staff accountants. 
A)  Whether an accountant should claim a higher section 179 deduction than allowed by law. 
B)  Whether an accountant should claim lack of diligence of other staff accountants. 
C)  Whether an accountant should claim inflated expenses on the company tax return. 
D)  Whether an accountant should claim lack of competence by other staff accountants.

Question 12

The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harms is:

Accepted Answer

A)  Act Utilitarianism 
B)  Rule Utilitarianism 
C)  Rights Theory 
D)  Justice 
A)  Act Utilitarianism 
B)  Rule Utilitarianism 
C)  Rights Theory 
D)  Justice

Question 13

Decisions that are made based on the underlying circumstances of a particular matter can be best characterized by:

Accepted Answer

A)  Ethical Collectivism 
B)  Situational ethics 
C)  Ethical relativism 
D)  Judgmental Individualism 
A)  Ethical Collectivism 
B)  Situational ethics 
C)  Ethical relativism 
D)  Judgmental Individualism

Question 14

In the Lone Star School District case, the auditors were mostly concerned about:

Accepted Answer

A)  The behavior of a staff member toward client personnel 
B)  The falsification of the financial statements 
C)  The lack of independence of the audit team 
D)  The lack of documentation for travel and entertainment expenses 
A)  The behavior of a staff member toward client personnel 
B)  The falsification of the financial statements 
C)  The lack of independence of the audit team 
D)  The lack of documentation for travel and entertainment expenses

Question 15

Civility requires all but the following:

Accepted Answer

A)  Restraint 
B)  Politeness 
C)  Respect 
D)  Disregard 
A)  Restraint 
B)  Politeness 
C)  Respect 
D)  Disregard

Question 16

Describe a situation you have encountered in your personal life where you did not follow the law because you judged another alternative to be more ethical. Don't use the example in the text of driving on a two-lane divided roadway. Why did you decide to do that act?

Accepted Answer

Sometimes in natural disasters like a fi

Question 17

Are search results in Google, YouTube, Facebook, Twitter, and other social media sites fair game, specifically when an employer is looking to fire an employee?

Accepted Answer

The ethics involved in hiring are differ

Question 18

If one's reputation is tainted it may create a:

Accepted Answer

A)  Conflict of interest 
B)  Loss of independence 
C)  Lack of trust 
D)  Loss of objectivity 
A)  Conflict of interest 
B)  Loss of independence 
C)  Lack of trust 
D)  Loss of objectivity

Question 19

Jane finds a material misstatement while auditing a client's accounts receivables. Her senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to be viewed as a team player in order to advance in the firm so Jane follows her senior's instructions and ignores the misstatement. Which ethical theory did Jane use to make her decision?

Accepted Answer

A)  Egoism 
B)  Justice 
C)  Virtue ethics 
D)  Utilitarianism 
A)  Egoism 
B)  Justice 
C)  Virtue ethics 
D)  Utilitarianism

Question 20

Bob is being pressured by his superior to go along with improper accounting and told he is expected to be a team player. Which of the following statements best characterizes those expectations?

Accepted Answer

A)  Independence 
B)  Confidentiality 
C)  Loyalty 
D)  Utilitarianism 
A)  Independence 
B)  Confidentiality 
C)  Loyalty 
D)  Utilitarianism

Which of the following is NOT an element of trustworthiness according to the Six Pillars of Character?

Responsibility goes hand in hand with:

The credibility standard in the Statement of Ethical Professional Practice of the IMA requires that an accounting professional should:

Eddie paid an $8 restaurant check with a $10 bill. The waitress gave him $12 back. The most ethical action for Eddie is to:

The biggest problem in applying virtue theory to decision making is:

In the Moral Turpitude case, the primary ethical issue in the case is:

Kevin Lowe's ethical dilemma in the Eating Time case can best be described as whether to:

Which of the following is NOT a likely rationalization a student might use to justify cheating on an exam?

The biggest problem in implementing a rights approach to decision making is:

George is in the middle of a high stakes poker game when he notices what he thinks is cheating by another player. It appears to George that this player took a card from his lap and switched it with a card that he was dealt. If George is a utilitarian thinker, he should:

In the Shifty Industries case, the primary ethical issue can be stated as:

The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harms is:

Decisions that are made based on the underlying circumstances of a particular matter can be best characterized by:

In the Lone Star School District case, the auditors were mostly concerned about:

Civility requires all but the following:

Describe a situation you have encountered in your personal life where you did not follow the law because you judged another alternative to be more ethical. Don't use the example in the text of driving on a two-lane divided roadway. Why did you decide to do that act?

Are search results in Google, YouTube, Facebook, Twitter, and other social media sites fair game, specifically when an employer is looking to fire an employee?

If one's reputation is tainted it may create a:

Bob is being pressured by his superior to go along with improper accounting and told he is expected to be a team player. Which of the following statements best characterizes those expectations?

Cognitive Processes and Ethical Decision Making in Accounting

Organizational Ethics and Corporate Governance

Ethics and Professional Judgment in Accounting

Fraud in Financial Statements and Auditor Responsibilities

Legal, Regulatory, and Professional Obligations of Auditors

Earnings Management

Ethical Leadership and Decision-Making in Accounting

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Exam 1: Ethical Reasoning: Implications for Accounting

Which of the following is NOT an element of trustworthiness according to the Six Pillars of Character?

Responsibility goes hand in hand with:

The credibility standard in the Statement of Ethical Professional Practice of the IMA requires that an accounting professional should:

Eddie paid an $8 restaurant check with a $10 bill. The waitress gave him $12 back. The most ethical action for Eddie is to:

The biggest problem in applying virtue theory to decision making is:

In the Moral Turpitude case, the primary ethical issue in the case is:

Kevin Lowe's ethical dilemma in the Eating Time case can best be described as whether to:

Which of the following is NOT a likely rationalization a student might use to justify cheating on an exam?

The biggest problem in implementing a rights approach to decision making is:

George is in the middle of a high stakes poker game when he notices what he thinks is cheating by another player. It appears to George that this player took a card from his lap and switched it with a card that he was dealt. If George is a utilitarian thinker, he should:

In the Shifty Industries case, the primary ethical issue can be stated as:

The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harms is:

Decisions that are made based on the underlying circumstances of a particular matter can be best characterized by:

In the Lone Star School District case, the auditors were mostly concerned about:

Civility requires all but the following:

Describe a situation you have encountered in your personal life where you did not follow the law because you judged another alternative to be more ethical. Don't use the example in the text of driving on a two-lane divided roadway. Why did you decide to do that act?

Are search results in Google, YouTube, Facebook, Twitter, and other social media sites fair game, specifically when an employer is looking to fire an employee?

If one's reputation is tainted it may create a:

Bob is being pressured by his superior to go along with improper accounting and told he is expected to be a team player. Which of the following statements best characterizes those expectations?

Cognitive Processes and Ethical Decision Making in Accounting

Organizational Ethics and Corporate Governance

Ethics and Professional Judgment in Accounting

Fraud in Financial Statements and Auditor Responsibilities

Legal, Regulatory, and Professional Obligations of Auditors

Earnings Management

Ethical Leadership and Decision-Making in Accounting

Filters