Question 1

President Nixon broke the link between money and __________.

Accepted Answer

gold/preci

Question 2

William Black says that banks hate free markets because:

Accepted Answer

A)  Competition encourages fraud and dishonesty. 
B)  Banks are forced to take on very high corporate debt. 
C)  Competition encourages people to be self-interested. 
D)  Competition drives down interest rates and all banks lose money. 
E)  Banks are forced to take loans that are unlikely to be repaid. 
A)  Competition encourages fraud and dishonesty. 
B)  Banks are forced to take on very high corporate debt. 
C)  Competition encourages people to be self-interested. 
D)  Competition drives down interest rates and all banks lose money. 
E)  Banks are forced to take loans that are unlikely to be repaid.

Question 3

What reason do Frederick and Hoffman offer in favor of restricting investors?

Accepted Answer

A)  The intention is to protect their interests and prevent them from harm. 
B)  The intention is to make a profit. 
C)  The intention is to allow the market to be free. 
D)  The intention is to allow the investors to be free. 
E)  Both (c) and (d) 
A)  The intention is to protect their interests and prevent them from harm. 
B)  The intention is to make a profit. 
C)  The intention is to allow the market to be free. 
D)  The intention is to allow the investors to be free. 
E)  Both (c) and (d)

Question 4

Many of the recent problems in derivatives markets have been where?

Accepted Answer

A)  China 
B)  California 
C)  New Mexico 
D)  Canada 
E)  Thailand 
A)  China 
B)  California 
C)  New Mexico 
D)  Canada 
E)  Thailand

Question 5

High levels of knowing and willful (mis)conduct are what Richard Walker and others at the SEC have argued should be the factor that causes the leadership at an investigated company to:

Accepted Answer

A)  File for bankruptcy 
B)  Turn themselves in to the authorities for a possible reduced sentence 
C)  Turn their backs on their employees 
D)  End up in criminal court 
E)  End up in civil court 
A)  File for bankruptcy 
B)  Turn themselves in to the authorities for a possible reduced sentence 
C)  Turn their backs on their employees 
D)  End up in criminal court 
E)  End up in civil court

Question 6

Managers can sometimes use derivatives to hide __________ from shareholders.

Accepted Answer

The answer of Managers can sometimes use derivatives to hide...

Question 7

A put option is an agreement to buy a product at a specified time and price.

Accepted Answer

A) True 
 B)False

Question 8

What kind of investor is the most likely candidate to be denied access to the securities markets?

Accepted Answer

A)  Any and all individual investors 
B)  High-risk investors 
C)  Certain kinds of financial lawyers 
D)  Employees of the SEC 
E)  Government officials with ties to the securities market 
A)  Any and all individual investors 
B)  High-risk investors 
C)  Certain kinds of financial lawyers 
D)  Employees of the SEC 
E)  Government officials with ties to the securities market

Question 9

Why is "doing the right thing" often different than "doing the legal thing"? Why might the distinction between what is moral and what is legal be of particular concern to accountants and other kinds of financial auditors and overseers?

Accepted Answer

"Doing the right thing" and "doing the l

Question 10

According to McDonald, leverage is:

Accepted Answer

A)  Diversifying by putting money in many different investments 
B)  Borrowing money and then risking it without a way to cover the potential loss 
C)  Considering how the investment will look in three to five years 
D)  Charging investors very high fees 
E)  Keeping enough capital on hand to cover any losses sustained 
A)  Diversifying by putting money in many different investments 
B)  Borrowing money and then risking it without a way to cover the potential loss 
C)  Considering how the investment will look in three to five years 
D)  Charging investors very high fees 
E)  Keeping enough capital on hand to cover any losses sustained

Question 11

A fiduciary has a special duty to act in another person's interest.

Accepted Answer

A) True 
 B)False

Question 12

__________ is a term used to express the misrepresentation of a business to the public sphere, causing it to appear predictable and smooth when it is really not.

Accepted Answer

The answer of __________ is a term used to express...

Question 13

Frederick and Hoffman believe that some paternalistic acts are quite justified.

Accepted Answer

A) True 
 B)False

Question 14

__________ has the specific authority to limit the access of individual investors to the financial markets of the United States.

Accepted Answer

A)  The president 
B)  Congress 
C)  Wall Street 
D)  The FBI 
E)  The SEC 
A)  The president 
B)  Congress 
C)  Wall Street 
D)  The FBI 
E)  The SEC

Question 15

It is too much to expect that the average __________ be fully responsible and informed of his or her financial state.

Accepted Answer

The answer of It is too much to expect that...

Question 16

Using Boatright, craft a code of finance ethics.

Accepted Answer

Boatright's code of finance ethics empha

Question 17

Should bankers sell stocks in other companies and financial advice to their customers? Why or why not?

Accepted Answer

Bankers should not sell stocks in other

Question 18

Moore considers the argument that _____________ is a kind of property.

Accepted Answer

The answer of Moore considers the argument that _____________ is...

Question 19

Arthur Levitt, chairman of the Securities and Exchange Commission, thinks that what is at stake when companies begin to engage in managing their earnings?

Accepted Answer

A)  Millions of U.S. companies' dollars 
B)  Nothing 
C)  The credibility of the U.S. financial reporting system 
D)  A financial "civil war" 
E)  All of the above 
A)  Millions of U.S. companies' dollars 
B)  Nothing 
C)  The credibility of the U.S. financial reporting system 
D)  A financial "civil war" 
E)  All of the above

Question 20

Thomas Fischer believes that accountants should be examples of ethical behavior for the rest of the business world.

Accepted Answer

A) True 
 B)False

President Nixon broke the link between money and __________.

William Black says that banks hate free markets because:

What reason do Frederick and Hoffman offer in favor of restricting investors?

Many of the recent problems in derivatives markets have been where?

High levels of knowing and willful (mis)conduct are what Richard Walker and others at the SEC have argued should be the factor that causes the leadership at an investigated company to:

Managers can sometimes use derivatives to hide __________ from shareholders.

A put option is an agreement to buy a product at a specified time and price.

What kind of investor is the most likely candidate to be denied access to the securities markets?

Why is "doing the right thing" often different than "doing the legal thing"? Why might the distinction between what is moral and what is legal be of particular concern to accountants and other kinds of financial auditors and overseers?

According to McDonald, leverage is:

A fiduciary has a special duty to act in another person's interest.

__________ is a term used to express the misrepresentation of a business to the public sphere, causing it to appear predictable and smooth when it is really not.

Frederick and Hoffman believe that some paternalistic acts are quite justified.

__________ has the specific authority to limit the access of individual investors to the financial markets of the United States.

It is too much to expect that the average __________ be fully responsible and informed of his or her financial state.

Using Boatright, craft a code of finance ethics.

Should bankers sell stocks in other companies and financial advice to their customers? Why or why not?

Moore considers the argument that _____________ is a kind of property.

Arthur Levitt, chairman of the Securities and Exchange Commission, thinks that what is at stake when companies begin to engage in managing their earnings?

Thomas Fischer believes that accountants should be examples of ethical behavior for the rest of the business world.

On the Job: Everyday Ethics at Work

The Check Is in the Mail": Honesty and Trust in Business

Who Gets What and Why? Fairness and Justice

Is the Social Responsibility of Business...to Increase Its Profits"?: Social Responsibility and Stakeholder Theory

When Innovation Bytes Back: Ethics and Technology

The Art of Seduction: the Ethics of Advertising, Marketing, and Sales

Things Fall Apart: Product Liability and Consumers

You Know How to Whistle, Dont You?": Whistle-Blowing, Company Loyalty, and Employee Responsibility

Think Local, Act Global: International Business

Working With Mother Nature: Environmental Ethics and Business Ecology

When the Buck Stops Here: Leadership

Whos Minding the Store?: The Ethics of Corporate Governance

Is Everything for Sale?: The Future of the Free Market

The Good Life

Filters

Exam 3: Money, How We Get It, and Where It Goes: Accounting, Finance, and Investment Ethics

President Nixon broke the link between money and __________.

William Black says that banks hate free markets because:

What reason do Frederick and Hoffman offer in favor of restricting investors?

Many of the recent problems in derivatives markets have been where?

High levels of knowing and willful (mis)conduct are what Richard Walker and others at the SEC have argued should be the factor that causes the leadership at an investigated company to:

Managers can sometimes use derivatives to hide __________ from shareholders.

A put option is an agreement to buy a product at a specified time and price.

What kind of investor is the most likely candidate to be denied access to the securities markets?

Why is "doing the right thing" often different than "doing the legal thing"? Why might the distinction between what is moral and what is legal be of particular concern to accountants and other kinds of financial auditors and overseers?

According to McDonald, leverage is:

A fiduciary has a special duty to act in another person's interest.

__________ is a term used to express the misrepresentation of a business to the public sphere, causing it to appear predictable and smooth when it is really not.

Frederick and Hoffman believe that some paternalistic acts are quite justified.

__________ has the specific authority to limit the access of individual investors to the financial markets of the United States.

It is too much to expect that the average __________ be fully responsible and informed of his or her financial state.

Using Boatright, craft a code of finance ethics.

Should bankers sell stocks in other companies and financial advice to their customers? Why or why not?

Moore considers the argument that _____________ is a kind of property.

Arthur Levitt, chairman of the Securities and Exchange Commission, thinks that what is at stake when companies begin to engage in managing their earnings?

Thomas Fischer believes that accountants should be examples of ethical behavior for the rest of the business world.

On the Job: Everyday Ethics at Work

The Check Is in the Mail": Honesty and Trust in Business

Who Gets What and Why? Fairness and Justice

Is the Social Responsibility of Business...to Increase Its Profits"?: Social Responsibility and Stakeholder Theory

When Innovation Bytes Back: Ethics and Technology

The Art of Seduction: the Ethics of Advertising, Marketing, and Sales

Things Fall Apart: Product Liability and Consumers

You Know How to Whistle, Dont You?": Whistle-Blowing, Company Loyalty, and Employee Responsibility

Think Local, Act Global: International Business

Working With Mother Nature: Environmental Ethics and Business Ecology

When the Buck Stops Here: Leadership

Whos Minding the Store?: The Ethics of Corporate Governance

Is Everything for Sale?: The Future of the Free Market

The Good Life

Filters