AC 216 – Ethics and Professionalism in Accounting Examination #1 Identify SOLUTIONS Half I. A number of Alternative (2 pts every, 40 pts whole) Directions: Choose the one finest reply to every Question Assignment. 1. The inadequate anchor adjustment cognitive bias refers to: a. putting an excessive amount of significance on the typical worth. b. putting significance on an inaccurate prior worth. c. overconfidence in one’s resolution primarily based on inadequate info. d. putting an excessive amount of significance on a worth which is the toughest to recall. 2. Which of the next traits typifies an advanced atmosphere? . good apply. b. course of reengineering. c. unique use of specialists. d. finest apply. “c” arguably is smart however the phrase “unique” makes it lower than one of the best reply. three. Which of the next statements is appropriate: a. Issues will be universally agreed upon, whereas points are topic to larger depth of debate. b. Issues and points are each all the time universally agreed upon. c. Points will be universally agreed upon, whereas issues are topic to larger depth of debate. d. Issues are precisely the identical as points. four.
Deciding whether or not to make use of strawberry or grape jam on one’s sandwich is: a. not an ethical situation as a result of no actual resolution must be made. b. an ethical situation as a result of a alternative between options is required. c. not an ethical situation as a result of no part of hurt exists. d. an ethical situation as a result of penalties are necessary. 5. Ksenia believes that success is underneath her personal management. She most probably has a/an: a. excessive inner locus of management b. excessive exterior locus of management c. excessive locus of management d. an absence of locus of management 6. Kohlberg’s theories on moral consciousness state that: . differing ranges of moral consciousness exist. b. locus of management determines one’s degree of moral consciousness. c. most people attain a “stage three” degree of moral consciousness. d. each A and C are appropriate. 7. Which of the next statements concerning Trevino’s eight steps to moral resolution making are incorrect? a. The framework begins off with mechanical steps adopted by private ones. b. Identification of stakeholders and weighing options are two separate steps. c. In actual life resolution making, not all eight steps are all the time adopted. d.
The position of instinct is just not thought of. eight. Which of the next moral approaches is taken into account to be a combined framework? a. Kant ethics. b. Sidgwick’s dualism. c. Love ethic. d. Existentialism. 9. The Existentialism strategy is just like the egoism strategy in what regard? a. Each are teleological approaches. b. Each are deontological approaches. c. Each have a slim particular person focus. d. Each stability particular person and group concerns. 10. Which of the next statements is appropriate? a. Enterprise ethics offers solely with the idea behind proper and fallacious. b.
Enterprise ethics offers with the applying of requirements of proper and fallacious. c. Ethics and legislation are synonymous. d. Ethics and morality are precisely the identical since each take care of utility of proper and fallacious. 11. Which of the next describes legislation and ethics. a. They’re precisely the identical. b. Some authorized actions will not be moral. c. All moral actions are additionally authorized. d. All authorized actions are additionally moral. 12. In accordance with the textbook and class dialogue, U. S. Federal Sentencing Tips: a. Deal with all corporations equally regardless of their makes an attempt to behave ethically. b.
Enhance the severity of penalties for corporations that attempted to behave ethically however failed to take action. c. Try to cut back the severity of penalties when a agency has tried to behave ethically. d. Deal with misconduct as a transparent reduce matter of proper or fallacious. 13. The argument for excessive moral relativism fails as a result of: a. It’s illogical. b. It advocates a consequentialist resolution making framework. c. It advocates a combined framework strategy. d. Each A and C are appropriate. 14. Moral conduct relies upon largely on: a. Good resolution making. b. Sensible utility of requirements of proper and fallacious. . Making selections when not all info are identified. d. All the above. 15. Which of the next finest typify’s a Contractarian Ethics strategy? a. Treating like circumstances in a constant and honest method. b. Specializing in general collective profit for society. c. Balancing simply actions for people solely. d. Everybody ought to look out for themselves solely. On this approach, general society advantages. 16. A set of practices, for well mannered society, widespread to a specific group known as: a. etiquette. b. customized. c. legislation. d. professionalism. 17. In accordance with Jim Collins nice firms concentrate on: a.
Quick-term targets solely. b. Lengthy-term targets solely. c. Each brief and long run targets. d. Neither brief nor long run targets. 18. Intuitionalism: a. is a combined framework. b. emphasizes guidelines and exceptions to the rule. c. a deontological framework. d. Each “a” and “b” 19. Which of the next is appropriate concerning the definitions of the next phrases? | |Morality |Ethics | |a. |Theoretical |Sensible | |b. |Sensible |Theoretical | |c. Theoretical |Theoretical | |d. |Sensible |Sensible | 20. Which of the next statements concerning enterprise ethics is inaccurate? a. The mechanics of pondering and resolution making are key elements. b. Use of various approaches and frameworks all the time yields the identical resolution since there’s all the time a most suitable choice. c. Selections usually must be made when all info aren’t identified. d. Simply because a couple of possibility exists, it doesn’t imply that each one choices are acceptable. Half II. Essay (20 factors every; 60 factors whole)
Put together a correct essay response to all three of the questions showing beneath. 1. Outline the notion of an “moral dilemma. ” What exams can be found which Help to point the presence of an “moral dilemma? ” 2. In case you had to decide on simply one of many philosophical approaches mentioned in this chapter to information your resolution making, which might you select? Why? Or, when you needed to rank them from most to least useful, how would you rank them? three. Citing an instance to Help illustrate your level, outline and apply the eight steps really useful in moral resolution making as mentioned by Trevino.
