Test Bank for Loose Leaf Ethical
Obligations and Decision Making in
Accounting: Text and Cases 6th Edition
by Steven M. Mintz & William F. Miller
All Chapters 1-8| Answers at the Back of Each Chapter
1|P age
, Chapter 01
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?
A) Acting out of moral principle
2|P age
,B) Being loyal to one's superior
C) Having the courage to do the right thing
D) Not subordinating professional judgment to others
5) Which of the following characteristics does not describe the behavior of Cynthia Cooper in the
WorldCom fraud?
A) persistence
B) competence
C) integrity
D) conformity
6) The ancient Greeks thought of the virtues as characteristics of behavior that
A) could lead to a good life.
B) make up the "six pillars of character".
C) support the rights theory.
D) rationalize unethical actions.
7) 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
8) Ethical relativism can best be described as others.
A) a point of view that morality is relative to the norms of one's culture.
B) a concept that holds that integrity should be maintained in the face of pressure by
3|P age
, C) an ethical reasoning method that holds one should always act out of self-interest.
D) an ethical reasoning method that holds one should always consider the effect of one's actions on
others.
9) Which of the following is not a pillar of character according to the Josephson Institute?
A) caring
B) citizenship
C) respect
D) judgmental
10) Which of the following is not an element of trustworthiness according to the Six Pillars of Character?
A) reliability
B) loyalty
C) fairness
D) honesty
11) An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside
the entity violates
A) the due care principle.
B) confidentiality.
C) one's reliability obligation.
D) public interest obligation.
12) Cancel culture results in each of the following except:
A) manifests itself through intolerance of others with a point of view that diverges from group norms
B) exhibits a lack of respect for something someone said or did such as making offensive comments
toward another
C) its goal is to embarrass someone in their community
4|P age
Obligations and Decision Making in
Accounting: Text and Cases 6th Edition
by Steven M. Mintz & William F. Miller
All Chapters 1-8| Answers at the Back of Each Chapter
1|P age
, Chapter 01
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?
A) Acting out of moral principle
2|P age
,B) Being loyal to one's superior
C) Having the courage to do the right thing
D) Not subordinating professional judgment to others
5) Which of the following characteristics does not describe the behavior of Cynthia Cooper in the
WorldCom fraud?
A) persistence
B) competence
C) integrity
D) conformity
6) The ancient Greeks thought of the virtues as characteristics of behavior that
A) could lead to a good life.
B) make up the "six pillars of character".
C) support the rights theory.
D) rationalize unethical actions.
7) 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
8) Ethical relativism can best be described as others.
A) a point of view that morality is relative to the norms of one's culture.
B) a concept that holds that integrity should be maintained in the face of pressure by
3|P age
, C) an ethical reasoning method that holds one should always act out of self-interest.
D) an ethical reasoning method that holds one should always consider the effect of one's actions on
others.
9) Which of the following is not a pillar of character according to the Josephson Institute?
A) caring
B) citizenship
C) respect
D) judgmental
10) Which of the following is not an element of trustworthiness according to the Six Pillars of Character?
A) reliability
B) loyalty
C) fairness
D) honesty
11) An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside
the entity violates
A) the due care principle.
B) confidentiality.
C) one's reliability obligation.
D) public interest obligation.
12) Cancel culture results in each of the following except:
A) manifests itself through intolerance of others with a point of view that diverges from group norms
B) exhibits a lack of respect for something someone said or did such as making offensive comments
toward another
C) its goal is to embarrass someone in their community
4|P age
