Question 1

Treating other fairly encompasses treating them:

Accepted Answer

A) Equally,impartially,and responsibly 
B) Equally,responsibly,and openly 
C) Impartially,openly,and diligently 
D) Equally,impartially,and openly

Question 2

Which of the following situations would be considered ethical?

Accepted Answer

A) The cashier at Wal-Mart gives you $5 more than you were supposed to receive and you don't do anything about it 
B) You accidentally back into a car at Wal-Mart and leave your information for them to call 
C) Receiving fake $20 bills and using them in a store while knowing they are fake 
D) Finding a phone in a restaurant and keeping it

Question 3

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

Question 4

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

Question 5

Your manager asks you to "cook the books" to support a loan application at the local bank.The manager insists it is a one-time request.What should you do?

Accepted Answer

A) Go along with the manager's request 
B) Talk to others in the company to determine how they handled such situations 
C) Refuse to go along with the request 
D) Inform the audit committee

Question 6

In the Giles and Regas case,the primary ethical issue can be stated as:

Accepted Answer

A) Whether a subordinate should blow the whistle on a superior who has violated ethical policy 
B) Whether two staff members of the same rank should be allowed to date 
C) Whether a superior should become involved in a dating relationship with a subordinate 
D) Whether a student should renege on the acceptance of an offer from one firm after receiving an offer from a second firm

Question 7

The school board has received a bomb threat claiming that a bomb would be detonated at noon on Monday at the high school.The threat was received by the school board at 8 pm on Sunday night.The school asked the bomb squad to investigate and they found no bomb.The next morning at 7am,one hour before school was to start,another threat was received.There was no time to check for a bomb.What is the best action for the school to take from an ethical perspective? Explain.(a) Go ahead with school as planned since the last threat was not credible.(b) Delay the start of school until 10am to give the bomb squad time to check and inform parents there is a water leak that needs to be fixed.(c) Call off school even though final exams were scheduled that day and explain all the steps taken to protect the safety of students.
Discuss which ethical theory supports each alternative.Which would you choose and why?

Accepted Answer

The answer of The school board has received a bomb...

Question 8

Greatest good for the greatest number of people is the theory of _________.

Accepted Answer

A) Rights 
B) Deontology 
C) Utilitarianism 
D) Justice

Question 9

In the Harvard Cheating scandal case,using ethical reasoning who is at fault for the situation?

Accepted Answer

A) The professor 
B) Teaching assistants 
C) Students who cheated 
D) All of the above

Question 10

The relationship between legal and ethical can best be expressed as:

Accepted Answer

A) Always follow the law regardless of consequences for others 
B) Ethical behavior requires less than legal behavior 
C) Legal and ethical are the same thing 
D) Ethical behavior requires us to do more than required by the law and less than the law allows

Question 11

Civility requires all but the following:

Accepted Answer

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

Question 12

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

Question 13

In the NYC Subway Death case,the reason that no bystanders helped Ki-Suck Han was probably due to:

Accepted Answer

A) Moral blindness and ethical fading 
B) Bystander effect and moral blindness 
C) Blind spot and moral blindness 
D) Ethical fading and bystander effect

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

Question 15

In the Capitalization versus Expensing case the main ethical issue is whether Gloria Hernandez should:

Accepted Answer

A) Capitalize or expense $1 million of expenditures 
B) Report her superiors' actions to the CEO 
C) Talk to the audit committee about the pressure imposed by her supervisor 
D) Become a whistle blower

Question 16

When applying Utilitarianism to judge actions,what is the only thing that matters?

Accepted Answer

A) Motives 
B) Fairness 
C) Consequences 
D) Rights

Question 17

The motive of "duty" is most associated with _________.

Accepted Answer

A) Egoism 
B) Deontology 
C) Utilitarianism 
D) Justice

Question 18

Why is it important to consider cultural variables in the workplace?

Accepted Answer

The answer of Why is it important to consider cultural...

Question 19

Internal rewards of accounting practice include:

Accepted Answer

A) Wealth and prestige 
B) Success and power 
C) Integrity and Excellence 
D) Achievement and notoriety

Question 20

Hofstede's Cultural Dimensions helps explain how workers from different cultures might react in the workplace.The Long-Term Orientation dimension could help explain the different approaches toward:

Accepted Answer

A) Dealing with uncertainty 
B) Dealing with differences in power structure 
C) Emphasizing short-term and long-term results 
D) Emphasizing results over process

Exam 1: Ethical Reasoning: Implications for Accounting