Chapter 1 
Chapter 1
Question 1
An internal accountant should always take the following step after exhausting all avenues of appeal within the organization when there is a difference of opinion with top management on an accounting or financial reporting matter:
A) Inform the SEC
B) Terminate employment with the entity
C) Seek legal advice before taking any action
D) All of the above
Question 2
Each of the following characteristics describes the importance of integrity in decision making except for:
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
Question 3
Each of the following is an element of trustworthiness according to the Josephson Institute except for:
A) Reliability
B) Loyalty
C) Fairness
D) Integrity Question 4
If one's reputation is tainted it may create a:
A) Conflict of interests
B) Loss of independence
C) Lack of trust
D) All of the above Question 5
Each of the following describes the behavior of Cynthia Cooper in the WorldCom fraud except for:
A) Persistence
B) Competence
C) Integrity
D) Hesistance Question 6
Each of the following elements make up an integral part of what is meant by "ethics" except for:
A) Accepted standards of behavior
B) Knowing the difference between right and wrong
C) Always following the law
D) The moral point of view Question 7
The best restatement of Kant's categorical imperative is:
A) Do to others as you would have everyone do unto you.
B) Consider others needs before you act.
C) That those with a smaller stake should have a smaller say compared to those with a bigger stake.
D) Don't be cruel until someone is cruel to you.
Question 8
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
Question 9
The method of ethical reasoning that evaluates actions in terms of harms and benefits
Question 1
An internal accountant should always take the following step after exhausting all avenues of appeal within the organization when there is a difference of opinion with top management on an accounting or financial reporting matter:
A) Inform the SEC
B) Terminate employment with the entity
C) Seek legal advice before taking any action
D) All of the above
Question 2
Each of the following characteristics describes the importance of integrity in decision making except for:
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
Question 3
Each of the following is an element of trustworthiness according to the Josephson Institute except for:
A) Reliability
B) Loyalty
C) Fairness
D) Integrity Question 4
If one's reputation is tainted it may create a:
A) Conflict of interests
B) Loss of independence
C) Lack of trust
D) All of the above Question 5
Each of the following describes the behavior of Cynthia Cooper in the WorldCom fraud except for:
A) Persistence
B) Competence
C) Integrity
D) Hesistance Question 6
Each of the following elements make up an integral part of what is meant by "ethics" except for:
A) Accepted standards of behavior
B) Knowing the difference between right and wrong
C) Always following the law
D) The moral point of view Question 7
The best restatement of Kant's categorical imperative is:
A) Do to others as you would have everyone do unto you.
B) Consider others needs before you act.
C) That those with a smaller stake should have a smaller say compared to those with a bigger stake.
D) Don't be cruel until someone is cruel to you.
Question 8
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
Question 9
The method of ethical reasoning that evaluates actions in terms of harms and benefits