ETHICAL OBLIGATIONS AND DECISION-MAKING IN ACCOUNTING TEXT AND CASES 6TH EDITION

ETHICAL OBLIGATIONS AND DECISION-MAKING IN ACCOUNTING TEXT AND CASES 6TH EDITION
Chapter 1: Ethical Reasoning: Implications for Accounting MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 1) What is the common characteristic of Aristotle's virtues and ethical standards for CPAs? A) truthfulness B) integrity C) loyalty D) due care 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 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) You receive fake $20 bills and use them in a store while knowing they are fake. D) You find a phone in a restaurant and keep it. 4) Which of the following characteristics does not describe the importance of integrity in decision making?