Exam 1: Ethical Reasoning: Implications for Accounting

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:

Under the IMA's standards of ethical practice,an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or financial reporting matter that remains unresolved if he/she:

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?

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

Janice is a staff accountant in the accounting firm of Obama and Biden.She is assigned to the audit of HealthCare Associates.On the very first day Janice noticed that the accounting manager of the client took money out of the petty cash fund and put it in his pocket.The best action for Janice to take is:

Virtue ethics is:

Kelly is the controller of a small company.One day the CFO comes in and tells her to lower the estimate of uncollectible accounts receivable.Kelly insists her numbers are correct as is.The CFO tells her it will mean her job at the company if she doesn't go along with the smaller estimate.The primary virtue that would enable Kelly to resist the pressure to manipulate the number is:

What is the one virtue that people should want in a boss,to trust a boss?

Michael Josephson,founder of the Josephson Institute of Ethics,is credited for developing:

Utilitarian philosophers are divided into two types: act utilitarian and

Virtue ethics emphasizes development of good habits of character.What should be the greatest reward of practicing good habits of character,according to MacIntyre?

The most important duty of public accounting is to the:

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

Which of the following characteristics is NOT part of behaving with empathy?

The country with the highest Power Distance score is:

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

Deontology deals with:

Is it ethical for Jerry to keep his smart phone on during the work day if: (a) His daughter is sick and he needs to monitor messages from the baby sitter. (b) His ID has been stolen and he is waiting for the credit card company to inform him of the damages. (c) He likes to see what is posted about the company on social media so he can inform his bosses. (d) He feels as though all employees should have the leeway to be involved in social networking on the job within reasonable limits. Discuss each of the above using ethical reasoning.

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

Jason is the fastest worker on the audit of a company for the firm Zits LLP.Other Zits workers take twice as long to complete the equivalent amount of work as Jason.One day Jason is approached by the other workers and is asked to slow down "You are exceeding the time budget for the audit and making the rest of us look bad," said one staff member.From an organizational,ethical point of view,the best thing for Jason to do is: