100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank For Ethical Obligations and Decision Making in Accounting 5Th Ed By Steven Mintz £24.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Accounting -Test Bank
  4.  
  5. Accounting -Test Bank
  6.  
  7. Accounting -Test Bank

Exam (elaborations)

Test Bank For Ethical Obligations and Decision Making in Accounting 5Th Ed By Steven Mintz

 17 views  0 purchase

Test Bank For Ethical Obligations and Decision Making in Accounting 5Th Ed By Steven Mintz

Preview 4 out of 363  pages

Document information

  • October 3, 2023
  • 363
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (10)

Written for

All documents for this subject (74)

Seller

avatar-seller
ExamsExpert

Reviews received

Content preview

,Ethical Obligations and Decision-Making, 5e (Mintz)
Chapter 1 Ethical Reasoning: Implications for Accounting

1) What is the common characteristic of Aristotle's virtues and ethical standards for CPAs?
A) Truthfulness
B) Integrity
C) Loyalty
D) Due care

Answer: B
Difficulty: 1 Easy
Topic: Integrity: The Basis of Accounting
Learning Objective: 01-01 Explain how integrity enables a CPA to withstand pressures and
avoid subordination of judgment.
Bloom's: Apply
AACSB: Ethics
Accessibility: Keyboard Navigation

2) 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?
A) Egoism
B) Justice
C) Virtue ethics
D) Utilitarianism

Answer: A
Difficulty: 2 Medium
Topic: Modern Moral Philosophies
Learning Objective: 01-04 Differentiate between moral philosophies and their effect on ethical
reasoning in accounting.
Bloom's: Apply
AACSB: Ethics
Accessibility: Keyboard Navigation




1
Copyright © 2020 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written onsent of McGraw-Hill Education.

,3) Which of the following situations would be considered ethical?
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

Answer: B
Difficulty: 2 Medium
Topic: What Is Ethics?
Learning Objective: 01-02 Discuss the relationship between one's values and ethics; and legal
obligations.
Bloom's: Evaluate
AACSB: Ethics
Accessibility: Keyboard Navigation

4) Which of the following characteristics does NOT describe the importance of integrity in
decision making?
A) Acting out of moral principle
B) Being loyal to one's superior
C) Having the courage to do the right thing
D) Not subordinating professional judgment to others

Answer: B
Difficulty: 2 Medium
Topic: Integrity: The Basis of Accounting
Learning Objective: 01-01 Explain how integrity enables a CPA to withstand pressures and
avoid subordination of judgment.
Bloom's: Apply
AACSB: Ethics
Accessibility: Keyboard Navigation




2
Copyright © 2020 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written onsent of McGraw-Hill Education.

, 5) Which of the following characteristics does NOT describe the behavior of Cynthia Cooper in
the WorldCom fraud?
A) Persistence
B) Competence
C) Integrity
D) Conformity

Answer: D
Difficulty: 2 Medium
Topic: Integrity: The Basis of Accounting; AICPA Code of Conduct
Learning Objective: 01-01 Explain how integrity enables a CPA to withstand pressures and
avoid subordination of judgment.; 01-06 Discuss the Principles section of the AICPA Code of
Professional Conduct.
Bloom's: Analyze
AACSB: Ethics
Accessibility: Keyboard Navigation

6) The ancient Greeks thought of the virtues as characteristics of behavior that:
A) Could lead to a good life
B) Make up the "six pillars of character"
C) Support the rights theory
D) Rationalize unethical actions

Answer: A
Difficulty: 2 Medium
Topic: Modern Moral Philosophies
Learning Objective: 01-04 Differentiate between moral philosophies and their effect on ethical
reasoning in accounting.
Bloom's: Apply
AACSB: Ethics
Accessibility: Keyboard Navigation

7) Which of the following elements does NOT make up an integral part of what is meant by
"ethics"?
A) Accepted standards of behavior
B) Knowing the difference between right and wrong
C) Always following the law
D) The moral point of view

Answer: C
Difficulty: 1 Easy
Topic: Integrity: The Basis of Accounting
Learning Objective: 01-01 Explain how integrity enables a CPA to withstand pressures and
avoid subordination of judgment.
Bloom's: Apply
AACSB: Ethics
Accessibility: Keyboard Navigation
3
Copyright © 2020 McGraw-Hill Education. All rights reserved.
No reproduction or distribution without the prior written onsent of McGraw-Hill Education.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamsExpert. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £24.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£24.99
  • (0)
  Add to cart