TEST BANK For Mintz, Ethical Obligations & Decision-
Making in Accounting Text & Cases 6th Edition
what two things have to present to identify a calling - ANSWER:- a god given ability
to do a job
- enjoyment in doing it because you desire to do it
what are the 4 characteristics of a calling - ANSWER:- is unique to each individual
- requires certain preconditions (desire, talent, etc but must fit our abilities)
- demands hardworking but leads to a sense of enjoyment
- callings are not usually easy to discover and reveal themselves over time
what are the 4 mains themes of "What is a Calling" by Michael Novak - ANSWER:-
business is able to build praiseworthy forms of community
- a life in business is creative and can transform the conditions of human life
drastically and for better (or worse)
- business is a source of endless personal challenge, testing intellectual and moral
mettle in the crucible of practicality
- those practicing business often see it as a way of giving back to society (offering
goods / services or generating / offering new wealth)
What is the current Dean's vision? - ANSWER:"We are committed to our mission to
grow the good in business by developing leaders who contribute to human
flourishing, cooperate with others in solidarity and compete toward becoming the
best version of themselves through serving others"
what are the 3 C's of business created by Dean Martijn Cremers? - ANSWER:-
contribute to human flourishing
- cooperate in solitary through teamwork as a community
- compete externally in the marketplace and internally within yourself
core concepts of the Invisible Man vs. Hawk Man podcast - ANSWER:- no one used
their power for good
- believed they needed more than one power to make a difference
- pursued their own selfish interests and personal gains
Kenneth Lay - ANSWER:Chairman and CEO of Enron who believed in creating a moral
and ethical environment for individuals to realize their potential
Robert Malott - ANSWER:Emphasized the significance of establishing a corporate
culture to be proud of
Dean's Vision - ANSWER:Commitment to growing the good in business by developing
leaders who contribute to human flourishing, cooperate in solidarity, and compete
towards self-improvement through serving others
, 3 C's of Business - ANSWER:Contribute to human flourishing, cooperate in solidarity,
and compete towards self-improvement
cognitive dissonance - ANSWER:the feeling of discomfort that results from holding
two conflicting beliefs
Core Values - ANSWER:Beliefs or opinions influencing one's life, such as ethics,
dependability, stability, loyalty, leadership, and compatibility
According to the authors of Business andProfessional Ethics for Directors, Executives
andAccountants, ethical corporate behavior is expectedto lead to:
a. Higher profitability in the short-term
b. Higher profitability both in the short-term andlong-term
c. Lower profitability in the long-term
d. Higher profitability in the long-termHigher profitability in the long-term
e. Lower profitability both in the short-term andlong-term73 - ANSWER:D
when there is a discrepancy between ______________ and __________________,
something must change to eliminate or reduce the dissonance - ANSWER:beliefs and
behaviors
Personal Mission Statement - ANSWER:A statement outlining one's commitment to
creating an ethical and stable team environment through dependable leadership and
loyal relationships
The characters in The Good Place are wrestling with questions like: "how do I go
aboutbeing a good person" and "how can we live in harmony with each other?"
Accordingto the Ethics Unwrapped reading and related video on "Social Contract
Theory,"
a. Social Contract Theory says that people live together in society in accordance
withan agreement that establishes moral and political rules of behavior
.b. Social contracts can be explicit, such as laws, or implicit, such as raising one'shand
in class to speak.
c. Regardless of whether social contracts are explicit or implicit, they provide
available framework for harmony in society
d. all of the above
.e. a and b only.5 - ANSWER:D
Social Contract Theory - ANSWER:People living in society based on an agreement
establishing moral and political rules; can be explicit (laws) or implicit (social norms)
Virtue Ethics - ANSWER:what would be courageous, just, charitable, and prudent?
Making in Accounting Text & Cases 6th Edition
what two things have to present to identify a calling - ANSWER:- a god given ability
to do a job
- enjoyment in doing it because you desire to do it
what are the 4 characteristics of a calling - ANSWER:- is unique to each individual
- requires certain preconditions (desire, talent, etc but must fit our abilities)
- demands hardworking but leads to a sense of enjoyment
- callings are not usually easy to discover and reveal themselves over time
what are the 4 mains themes of "What is a Calling" by Michael Novak - ANSWER:-
business is able to build praiseworthy forms of community
- a life in business is creative and can transform the conditions of human life
drastically and for better (or worse)
- business is a source of endless personal challenge, testing intellectual and moral
mettle in the crucible of practicality
- those practicing business often see it as a way of giving back to society (offering
goods / services or generating / offering new wealth)
What is the current Dean's vision? - ANSWER:"We are committed to our mission to
grow the good in business by developing leaders who contribute to human
flourishing, cooperate with others in solidarity and compete toward becoming the
best version of themselves through serving others"
what are the 3 C's of business created by Dean Martijn Cremers? - ANSWER:-
contribute to human flourishing
- cooperate in solitary through teamwork as a community
- compete externally in the marketplace and internally within yourself
core concepts of the Invisible Man vs. Hawk Man podcast - ANSWER:- no one used
their power for good
- believed they needed more than one power to make a difference
- pursued their own selfish interests and personal gains
Kenneth Lay - ANSWER:Chairman and CEO of Enron who believed in creating a moral
and ethical environment for individuals to realize their potential
Robert Malott - ANSWER:Emphasized the significance of establishing a corporate
culture to be proud of
Dean's Vision - ANSWER:Commitment to growing the good in business by developing
leaders who contribute to human flourishing, cooperate in solidarity, and compete
towards self-improvement through serving others
, 3 C's of Business - ANSWER:Contribute to human flourishing, cooperate in solidarity,
and compete towards self-improvement
cognitive dissonance - ANSWER:the feeling of discomfort that results from holding
two conflicting beliefs
Core Values - ANSWER:Beliefs or opinions influencing one's life, such as ethics,
dependability, stability, loyalty, leadership, and compatibility
According to the authors of Business andProfessional Ethics for Directors, Executives
andAccountants, ethical corporate behavior is expectedto lead to:
a. Higher profitability in the short-term
b. Higher profitability both in the short-term andlong-term
c. Lower profitability in the long-term
d. Higher profitability in the long-termHigher profitability in the long-term
e. Lower profitability both in the short-term andlong-term73 - ANSWER:D
when there is a discrepancy between ______________ and __________________,
something must change to eliminate or reduce the dissonance - ANSWER:beliefs and
behaviors
Personal Mission Statement - ANSWER:A statement outlining one's commitment to
creating an ethical and stable team environment through dependable leadership and
loyal relationships
The characters in The Good Place are wrestling with questions like: "how do I go
aboutbeing a good person" and "how can we live in harmony with each other?"
Accordingto the Ethics Unwrapped reading and related video on "Social Contract
Theory,"
a. Social Contract Theory says that people live together in society in accordance
withan agreement that establishes moral and political rules of behavior
.b. Social contracts can be explicit, such as laws, or implicit, such as raising one'shand
in class to speak.
c. Regardless of whether social contracts are explicit or implicit, they provide
available framework for harmony in society
d. all of the above
.e. a and b only.5 - ANSWER:D
Social Contract Theory - ANSWER:People living in society based on an agreement
establishing moral and political rules; can be explicit (laws) or implicit (social norms)
Virtue Ethics - ANSWER:what would be courageous, just, charitable, and prudent?
