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Ethics For Accountants Final Exam With 100% Correct And Verified Answers
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Ethics For Accountants Final Exam With 100% Correct And Verified Answers
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Ethics For Accountants Final Exam With100% Correct And Verified Answers
A) Definitive Conclusions - Correct Answer-Which of the following
is NOT a key element of the definition of ethics?
A) Definitive Conclusions
B) Consequences of Decisions
C) Moral Principles
D) Reflective Choice
A) Generalization Principle - Correct Answer-Which the of the
following philosophical theories places emphasis on the
consideration of projecting the consequences of a choice in terms
of this question:
''What may be the consequences of similar persons making this
choice in similar circumstances?''
A) Generalization Principle
B) Utilitarianism
C) Imperative Principle
D) Virtue Ethics
B) Ethics are a function of moral rules and principles. - Correct
Answer-Which of the following defines the imperative principle of
ethics?
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,A) All ethical decisions will have positive and negative
consequences.
B) Ethics are a function of moral rules and principles.
C) It is essential that decisions be made for the greater good of
society.
D) Ethic decisions cannot be resolved without evaluating all
possible outcomes of all choices.
A) Utilitarianism principle. - Correct Answer-Which of the
following philosophical principles in ethics places emphasis on
the consequences of action, rather than on following the rules?
A) Utilitarianism principle.
B) Moral principle.
C) Imperative principle.
D) Generalization principle.
D) The various phases in one's moral development and related
levels of moral reasoning - Correct Answer-Kohlberg's model can
best be described as:
A) A model of ethical action that is based on one's moral
development
B) A model of age-specific levels of moral reasoning
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,C) A predictive tool to determine how a person will reason
ethically based on one's moral development
D) The various phases in one's moral development and
related levels of moral reasoning
A) Preconventional Morality - Correct Answer-When Sally
is asked why she should share her toys with her sister, she
responds by saying "Because my mom says I have to and if I
don't, I'll go to time-out." In which stage of moral
development is Sally?
A) Preconventional Morality
B) Postconventional Morality
C) Nonconventional Morality
D) Conventional Morality
C) Get the facts surrounding the problem - Correct Answer-
What should be the first step in decision-making when faced
with an ethical dilemma?
A) Determine consequences
B) Discuss with others your options
C) Get the facts surrounding the problem
D) Choose an ethical theory to follow
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, A) Inconsistency between thoughts and beliefs and our
intended actions - Correct Answer-Cognitive dissonance
creates a problem that can be described as:
A) Inconsistency between thoughts and beliefs and our
intended actions
B) Acquiring new information that outweighs the dissonant
beliefs
C) Consistency between thoughts and beliefs and our
intended actions
D) Reducing the importance of the beliefs and attitudes on
our actions
B) Speak with the managing partner of the firm - Correct
Answer-Gabby has just left a meeting with the
partner in charge of an audit engagement
and was told to ignore the typical year-end
accrual entries because earnings are below
financial analysts' earnings expectations.
Gabby know this is wrong and wants to act on
her values but she does not want to lose her
job. What is the best thing for Gabby to do in
this situation if she chooses to voice her
values?
A) Quit the firm
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