50405191-possible-test1

50405191-possible-test1 - Possible Question Exam 1 1 1)...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Possible Question Exam 1 1 1) Which of the following (according to Charles Fombrum) is not one of the four determinants that influence a company's reputation? a. Credibility. b. Reliability. c. Profitability. d. Responsibility. 2) The 5 E's of the accounting profession in Texas are Ethics, Enthusiasm, Education, Examination and Experience. a. True b. False 3) The P in CPA stands for Public? a. True b. False 4) The difference between what the public thinks it is getting in audited financial statements and what the public is actually getting is known as: a. Credibility gap b. Expectations gap c. Audit gap d. Stewardship gap e. None of the above 5) Which of the following is not a trend described in Chapter 1 as having an impact on the ethics of business? a. Directors legal liability b. Managements stated intention to protect reputation c. Auditors legal liability d. Managements assertions to shareholders on the adequacy of internal controls e. Managements stated intention to manage risk Possible Question Exam 1 2 6) Which corporate report discusses subjects that include environmental, health and safety, philanthropic and other social impacts? a. Corporate annual report b. Corporate social responsibility report c. Corporate quarterly report d. Corporate stakeholder report e. Corporate ethics committee report 7) The goal of the State Board of Public Accounting is to protect the public? a. True b. False 8) Professional Accountants, in their fiduciary role, owe their primary loyalty to: a. The accounting profession b. The client c. The general public d. Government regulations e. All of the above 9) A CPA license issued by the State of Texas is a form of a social contract between the CPA license holder and the public and the State of Texas. a. True b. False 10) Ethical corporate behaviour is expected to lead to: a. Higher profitability in the short-term b. Higher profitability both in the short-term and long-term c. Lower profitability in the long-term d. Higher profitability in the long-term e. Lower profitability both in the short-term and long-term 11) A value that is almost universally respected by stakeholder groups is: a. Super norm b. Alfa norm c. Value norm d. Hypernorm e. General norm Possible Question Exam 1 3 12) Incomplete disclosure of the companys revenue recognition policy is an example of: a. Lack of transparency b. Lack of integrity c. Lack of accuracy d. All of the above e. None of the above 13) This philosophical approach requires that an ethical decision depends upon the duty, rights, and justice involved: a. Consequentialism b. Virtue ethics c. Duty ethics d. Righteousness e. Deontology 14) Who does the AICPA Code of Professional Conduct apply to: a. Members in Public practice b. Members in Industry c. Members in Government d. Members in Education e. All of the above 15) The Moral Standards Approach focuses on the following dimensions of the impact of a proposed action: a. Net benefit to society, fair to all stakeholders, whether it is right...
View Full Document

This note was uploaded on 03/20/2012 for the course ECON 201 taught by Professor Shafer during the Spring '08 term at Alaska Anch.

Page1 / 32

50405191-possible-test1 - Possible Question Exam 1 1 1)...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online