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Decisions that are made based on the underlying cultural factors can be best characterized by:


A) Ethical Collectivism
B) Situational ethics
C) Ethical relativism
D) Judgmental Individualism

E) A) and B)
F) A) and D)

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C

In the Better Boston Beans case,what is the ethical dilemma facing Cyndie?


A) Loyalty of co-worker versus trust of co-worker
B) Trust of co-worker versus the honesty of the workplace
C) Honesty of the workplace versus the privacy of an individual
D) Privacy of an individual versus loyalty of co-worker

E) B) and C)
F) A) and D)

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The biggest problem in implementing a utilitarian approach to decision making is:


A) The interests of others may be subservient to self-interests
B) It fails to consider the interests of others
C) It can be difficult to weigh all the consequences of actions
D) It relies on moral absolutes

E) A) and B)
F) A) and C)

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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

E) None of the above
F) All of the above

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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

E) A) and C)
F) A) and B)

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The biggest problem in applying virtue theory to decision making is:


A) It can be difficult to identify virtues
B) It relies on moral absolutes in decision making
C) It can be difficult to determine virtues to distinguish equals from unequal claims in decision making
D) Conflicts between virtues may make decision making more difficult

E) A) and C)
F) B) and C)

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Responsibility goes hand in hand with:


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

E) A) and C)
F) A) and D)

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In the Shifty Industries case,the primary ethical issue can be stated as:


A) Whether an accountant should claim a higher section 179 deduction ($100,000) than allowed by law.
B) Whether an accountant should claim any section 179 deduction or not.
C) Whether an accountant should claim inflated expenses on the company tax return.
D) Whether an accountant should claim a section 179 deduction ($25,000) as allowed by law.

E) A) and C)
F) A) and B)

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


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

E) A) and C)
F) A) and D)

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A difficult choice between two moral principles that are in conflict with one another is known as a/an:


A) ethical relativism
B) situational ethics
C) ethical dilemma
D) conflict ethics

E) A) and B)
F) B) and C)

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If one's reputation is tainted it may create a:


A) Conflict of interests
B) Loss of independence
C) Lack of trust
D) Loss of objectivity

E) A) and B)
F) B) and C)

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The ethical reasoning method that is based on treating equals,equally and unequals,unequally is:


A) Enlightened egoism
B) Act utilitarianism
C) Justice
D) Virtue

E) B) and C)
F) A) and D)

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Social networking is the norm for many workers,and some workers spend at least 30 percent of their workday linked up to one or more networks.The Ethics Resource Center conducted a survey in which social networkers admitted each of the following except:


A) They think about risks before posting online.
B) They comment on their personal sites about their company if it was in the news.
C) They often comment on their personal sites about managers,coworkers,and even clients.
D) They always consider the consequences of their postings on others.

E) A) and B)
F) All of the above

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D

Sally is the only student from a foreign country in an Auditing class.On the day of the midterm exam,Sally asks the teacher whether she could use a dictionary to translate English words to her native tongue so she can better understand the questions.What do you think the instructor should do if she follows the ethical principle of justice?


A) Allow Sally to use the dictionary since she is at a disadvantage
B) Not allow Sally to use the dictionary because she should know enough English to get by
C) Allow the other students to bring in some tool to give them an advantage
D) None of the above

E) All of the above
F) A) and D)

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Which of the following is true of the relationship between civility and ethics?


A) One can be both ethical and uncivil.
B) One can be both civil and unethical.
C) One can use others,be a bully and be ethical.
D) One can have empathy and caring for others and be uncivil towards them.

E) All of the above
F) A) and B)

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What is the common characteristic of Aristotle's virtues and ethical standards for CPAs?


A) Truthfulness
B) Integrity
C) Loyalty
D) Due care

E) A) and B)
F) A) and C)

Correct Answer

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The method of ethical reasoning that evaluates actions in terms of harms and benefits is:


A) Act Utilitarianism
B) Rights Theory
C) Justice
D) Virtue

E) A) and C)
F) All of the above

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A

In the Cleveland Custom Cabinets case,the owner of the company thought it was all right to manipulate the financial statement numbers primarily because:


A) He wanted to improve earnings to increase the share price of company stock
B) The treatment recommended by the owner for estimating overhead conformed to GAAP
C) He was the sole owner of the company and controlled the board of directors
D) He got approval from the auditors

E) None of the above
F) All of the above

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The cultural value of Individualism reflects:


A) The degree a society reinforces individual or collective achievement
B) Tolerance for uncertainty and ambiguity in society
C) The degree of equality between people in a society
D) Whether a society has a long-term or short-term orientation

E) A) and B)
F) All of the above

Correct Answer

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The method of ethical reasoning that deals with making decisions after considering the interests of others is:


A) Egoism
B) Enlightened Egoism
C) Utilitarianism
D) Rights Theory

E) B) and C)
F) A) and B)

Correct Answer

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