Question 1

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 met and tried to decide how to handle the threat, keeping in mind the obligations to students, parents, and the public. The school board came up with three alternative solutions.
1) Do nothing as a majority of the time bomb threats to schools are a hoax.
2) Call off school at the high school on Monday. Have an announcement made on the 10 pm Sunday news announcing that a water main is broken. (Some members of the board feel that such an announcement of the breaking water main will prevent copycat threats.)
3) Call off school at the high school on Monday. Have an announcement made on the 10 pm Sunday news announcing that a bomb threat had been received.
Discuss which ethical theory supports each alternative. Which would you choose and why?

Accepted Answer

The essay was written to have no right a...

Question 2

The relationship between legal and ethical is that

Accepted Answer

A)   Ethical always follow the law
B)   Ethical requires less than legal
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 3

The most important duty of public accounting is to the:

Accepted Answer

A)   Securities Exchange Commission
B)   Current stockholders
C)   Management
D)   Investing public

Question 4

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

Accepted Answer

A)   Date another staff member of the CPA firm
B)   Inform his supervisor about a lack of diligence of other staff accountants
C)   Quit his job because he can't meet the firm's expected quality of work
D)   Devote time on an audit and not charge it to the job

Question 5

The country with the highest Uncertainty Avoidance is

Accepted Answer

A)   United States
B)   United Kingdom
C)   India
D)   China

Question 6

Evaluate Lance Armstrong's behavior towards doping during the Tour de France from the perspective of the "Six Pillars of Character."

Accepted Answer

Lance Armstrong's behavior towards dopin...

Question 7

Teleology deals with

Accepted Answer

A)   Consequences of actions
B)   Fairness to others
C)   Respecting the rights of others
D)   Following prescribed virtue characteristics

Question 8

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

Accepted Answer

A)   Diligence
B)   Commitment
C)   Honesty
D)   Sense of humor

Question 9

The main issue in the Reneging on a Promise case is:

Accepted Answer

A)   Should the student who accepted an offer from one CPA firm back off from that promise in order to accept the offer of another firm deemed more preferable to the student
B)   Should Regas back off from the dating relationship she developed with Giles
C)   Should the CPA firm renege on its offer of employment to a student after realizing it made one offer too many to student candidates for staff positions
D)   Should Tybell quit the firm because of conflicts with his superiors

Question 10

The motive of "duty" is most associated with.

Accepted Answer

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

Question 11

A CPA would violate the Due Care Principle if he/she:

Accepted Answer

A)   Undertook a professional engagement without having the requisite background, knowledge and experience
B)   Discloses confidential information about a client
C)   Violates the Public Interest Principle
D)   Performs tax services for an audit client without audit committee approval

Question 12

Objectivity requires that a CPA should:

Accepted Answer

A)   Maintain a mental attitude of impartiality
B)   Maintain a mental attitude of intellectual honesty
C)   Be free of conflicts of interest
D)   All of these

Question 13

When an employee is given a job evaluation, he has a right to expect

Accepted Answer

A)   Fair, but honest evaluations
B)   Glowing reports
C)   360 degree evaluations from everyone in the firm
D)   Evaluations of technical, not personal skills

Question 14

Aristotle believed that __________ always preceded the choice of action.

Accepted Answer

A)   Empathy
B)   Due Care
C)   Deliberation
D)   Loyalty

Question 15

Responsibility goes hand in hand with:

Accepted Answer

A)   Respect
B)   Loyalty
C)   Courage
D)   Accountability

Question 16

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

Accepted Answer

A)   Book of virtues
B)   Care and response orientation
C)   Six Pillars of Character
D)   Rights theory

Question 17

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 18

Why do you think potential employers of accounting graduates care about the ethical values of potential student hires?

Accepted Answer

The answer of Why do you think potential employers of...

Question 19

In the Faulty Budget case, the primary ethical issue can be stated as:

Accepted Answer

A)   Whether an accountant should admit to a mistake once he has discovered it
B)   Whether an accountant should be given a poor performance review because of a mistake
C)   Whether an accountant should follow the advice of a friend in resolving an ethical dilemma
D)   Whether an accountant should inform the external auditors about a problem with the budget

Question 20

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?

Accepted Answer

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

Exam 1: Ethical Reasoning: Implications for Accounting

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

Correct Answer
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The relationship between legal and ethical is that

Correct Answer
verified

Correct Answer
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The essay was written to have no right a...
View Answer

The most important duty of public accounting is to the:

Correct Answer
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Responsibility goes hand in hand with:

Correct Answer
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Evaluate Lance Armstrong's behavior towards doping during the Tour de France from the perspective of the "Six Pillars of Character."

Correct Answer
Answered by ExamLex AI
Lance Armstrong's behavior towards dopin...
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What is the one virtue that people should want in a boss to trust the boss?

Correct Answer
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A CPA would violate the Due Care Principle if he/she:

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

Correct Answer
verified

Correct Answer
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The country with the highest Uncertainty Avoidance is

Correct Answer
verified

The motive of "duty" is most associated with.

Correct Answer
verified

Objectivity requires that a CPA should:

Correct Answer
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When an employee is given a job evaluation, he has a right to expect

Correct Answer
verified

Treating other fairly encompasses treating them:

Correct Answer
verified

Why do you think potential employers of accounting graduates care about the ethical values of potential student hires?

Correct Answer
verified

Teleology deals with

Correct Answer
verified

In the Faulty Budget case, the primary ethical issue can be stated as:

Correct Answer
verified

The main issue in the Reneging on a Promise case is:

Correct Answer
verified

Aristotle believed that __________ always preceded the choice of action.

Correct Answer
verified

Exam 1: Ethical Reasoning: Implications for Accounting

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

Correct AnswerverifiedShow Answer

The relationship between legal and ethical is that

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThe essay was written to have no right a...View AnswerShow Answer

The most important duty of public accounting is to the:

Correct AnswerverifiedShow Answer

Responsibility goes hand in hand with:

Correct AnswerverifiedShow Answer

Evaluate Lance Armstrong's behavior towards doping during the Tour de France from the perspective of the "Six Pillars of Character."

Correct AnswerAnswered by ExamLex AILance Armstrong's behavior towards dopin...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

A CPA would violate the Due Care Principle if he/she:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The country with the highest Uncertainty Avoidance is

Correct AnswerverifiedShow Answer

The motive of "duty" is most associated with.

Correct AnswerverifiedShow Answer

Objectivity requires that a CPA should:

Correct AnswerverifiedShow Answer

When an employee is given a job evaluation, he has a right to expect

Correct AnswerverifiedShow Answer

Treating other fairly encompasses treating them:

Correct AnswerverifiedShow Answer

Why do you think potential employers of accounting graduates care about the ethical values of potential student hires?

Correct AnswerverifiedShow Answer

Teleology deals with

Correct AnswerverifiedShow Answer

In the Faulty Budget case, the primary ethical issue can be stated as:

Correct AnswerverifiedShow Answer

The main issue in the Reneging on a Promise case is:

Correct AnswerverifiedShow Answer

Aristotle believed that __________ always preceded the choice of action.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The essay was written to have no right a...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Lance Armstrong's behavior towards dopin...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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