Question 1

The most important duty of public accounting is to the:

Accepted Answer

A)  Securities Exchange Commission 
B)  Current stockholders 
C)  Management 
D)  Investing public 
A)  Securities Exchange Commission 
B)  Current stockholders 
C)  Management 
D)  Investing public

Question 2

The main issue in the Unintended Consequences case is:

Accepted Answer

A)  Should the student who accepted an offer from one CPA firm back off from that promise in order to accept the offer of another firm deemed more preferable to the student 
B)  Should Regas back off from the dating relationship she developed with Giles 
C)  Should the CPA firm renege on its offer of employment to a student after realizing it made one offer too many to student candidates for staff positions 
D)  Should Tybell quit the firm because of conflicts with his superiors 
A)  Should the student who accepted an offer from one CPA firm back off from that promise in order to accept the offer of another firm deemed more preferable to the student 
B)  Should Regas back off from the dating relationship she developed with Giles 
C)  Should the CPA firm renege on its offer of employment to a student after realizing it made one offer too many to student candidates for staff positions 
D)  Should Tybell quit the firm because of conflicts with his superiors

Question 3

The best restatement of Kant's categorical imperative is:

Accepted Answer

A)  Do to others as you would have everyone do unto you 
B)  Consider others needs before you act 
C)  That those with a smaller stake should have a smaller say compared to those with a bigger stake 
D)  That the ends justifies the means 
A)  Do to others as you would have everyone do unto you 
B)  Consider others needs before you act 
C)  That those with a smaller stake should have a smaller say compared to those with a bigger stake 
D)  That the ends justifies the means

Question 4

The cultural value of Individualism reflects:

Accepted Answer

A)  The degree a society reinforces individual or collective achievement 
B)  Tolerance for uncertainty and ambiguity in society 
C)  The degree of equality between people in a society 
D)  Whether a society has a long-term or short-term orientation 
A)  The degree a society reinforces individual or collective achievement 
B)  Tolerance for uncertainty and ambiguity in society 
C)  The degree of equality between people in a society 
D)  Whether a society has a long-term or short-term orientation

Question 5

Teleology deals with:

Accepted Answer

A)  Consequences of actions 
B)  Fairness to others 
C)  Respecting the rights of others 
D)  Following prescribed virtue characteristics 
A)  Consequences of actions 
B)  Fairness to others 
C)  Respecting the rights of others 
D)  Following prescribed virtue characteristics

Question 6

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

Accepted Answer

A)  The interests of others may be subservient to self-interests 
B)  It fails to consider the interests of others 
C)  It can be difficult to weigh all the consequences of actions 
D)  It relies on moral absolutes 
A)  The interests of others may be subservient to self-interests 
B)  It fails to consider the interests of others 
C)  It can be difficult to weigh all the consequences of actions 
D)  It relies on moral absolutes

Question 7

Which of the following is NOT a pillar of character according to the Josephson Institute?

Accepted Answer

A)  Caring 
B)  Citizenship 
C)  Respect 
D)  Judgmental 
A)  Caring 
B)  Citizenship 
C)  Respect 
D)  Judgmental

Question 8

The ancient Greeks thought of the virtues as characteristics of behavior that:

Accepted Answer

A)  Could lead to a good life 
B)  Make up the "six pillars of character" 
C)  Support the rights theory 
D)  Rationalize unethical actions 
A)  Could lead to a good life 
B)  Make up the "six pillars of character" 
C)  Support the rights theory 
D)  Rationalize unethical actions

Question 9

Aristotle believed that ________ always preceded the choice of action.

Accepted Answer

A)  Empathy 
B)  Due Care 
C)  Deliberation 
D)  Loyalty 
A)  Empathy 
B)  Due Care 
C)  Deliberation 
D)  Loyalty

Question 10

Respect is an important character of behavior because:

Accepted Answer

A)  It entails a loyalty obligation to one's superior 
B)  It enables one to perform professional services competently 
C)  It is critical to maintaining one's integrity 
D)  It encompasses attributes of how we should treat others 
A)  It entails a loyalty obligation to one's superior 
B)  It enables one to perform professional services competently 
C)  It is critical to maintaining one's integrity 
D)  It encompasses attributes of how we should treat others

Question 11

Which of the following is true of the relationship between civility and ethics?

Accepted Answer

A)  One can be both ethical and uncivil. 
B)  One can be both civil and unethical. 
C)  One can use others, be a bully and be ethical. 
D)  One can have empathy and caring for others and be uncivil towards them. 
A)  One can be both ethical and uncivil. 
B)  One can be both civil and unethical. 
C)  One can use others, be a bully and be ethical. 
D)  One can have empathy and caring for others and be uncivil towards them.

Question 12

The ethical reasoning method that is based on treating equals, equally and unequals, unequally is:

Accepted Answer

A)  Enlightened egoism 
B)  Act utilitarianism 
C)  Justice 
D)  Virtue 
A)  Enlightened egoism 
B)  Act utilitarianism 
C)  Justice 
D)  Virtue

The most important duty of public accounting is to the:

The main issue in the Unintended Consequences case is:

The best restatement of Kant's categorical imperative is:

The cultural value of Individualism reflects:

Teleology deals with:

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

Which of the following is NOT a pillar of character according to the Josephson Institute?

The ancient Greeks thought of the virtues as characteristics of behavior that:

Aristotle believed that ________ always preceded the choice of action.

Respect is an important character of behavior because:

Which of the following is true of the relationship between civility and ethics?

The ethical reasoning method that is based on treating equals, equally and unequals, unequally is:

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

The most important duty of public accounting is to the:

The main issue in the Unintended Consequences case is:

The best restatement of Kant's categorical imperative is:

The cultural value of Individualism reflects:

Teleology deals with:

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

Which of the following is NOT a pillar of character according to the Josephson Institute?

The ancient Greeks thought of the virtues as characteristics of behavior that:

Aristotle believed that ________ always preceded the choice of action.

Respect is an important character of behavior because:

Which of the following is true of the relationship between civility and ethics?

The ethical reasoning method that is based on treating equals, equally and unequals, unequally is:

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