Question
Question 1 (1 point) A professional accountants most important assets are: Question 1 options: Professional knowledge and perseverance Professional knowledge and a good reputation A
Question 1 (1 point)
A professional accountants most important assets are:
Question 1 options:
Professional knowledge and perseverance | |
Professional knowledge and a good reputation | |
A good location and well-known name | |
A good client list and professional connections |
Question 2 (1 point)
Should we pursue personal success:
Question 2 options:
We should not pursue personal success because that would be selfish | |
Prudence allows us to use all of our talents and resources, but justice dictates that we cannot harm or treat others unfairly in our pursuit of success | |
Prudence dictates that we use every means at our disposal to achieve success | |
Justice demands that we pursue personal success |
Question 3 (1 point)
The Code of Conduct indicates that integrity is measured in terms of what is:
Question 3 options:
Convenient and profitable | |
Written down as ethical rules | |
Right and just | |
Wise and appropriate |
Question 4 (1 point)
The relationship between justice and society is be described as follows:
Question 4 options:
In the absence of justice, society will crumble | |
Justice is unimportant for society | |
Justice is important to help society flourish | |
Justice is an essential feature of most societies |
Question 5 (1 point)
Which virtue(s) can be compelled by force?
Question 5 options:
Prudence and Justice | |
Justice | |
Justice and Benevolence | |
None of them |
Question 6 (1 point)
Per the Code of Professional Conduct, Integrity cannot accommodate
Question 6 options:
Differences of professional opinion | |
Divulging a clients confidential information | |
Insubordination to ones superiors | |
Deceit or subordination of principle |
Question 7 (1 point)
If no one could rely on the accuracy of financial reporting
Question 7 options:
There would be some negative impact to our capital markets | |
There would be no impact to our capital markets | |
There would be a severe negative impact to our capital markets | |
Financial reporting has nothing to do with our capital markets |
Question 8 (1 point)
Per Adam Smith, most people have a strong sense of justice because:
Question 8 options:
They sympathize with the resentment of the victim | |
They realize that justice is important for a successful society | |
They fear for their own safety | |
They have a natural inclination to inflict punishment on others |
Question 9 (1 point)
The Code of Professional Conduct Article III requires:
Question 9 options:
Observing the form of technical and ethical standards | |
Observing the spirit of technical and ethical standards | |
Observing the form and spirit of technical and ethical standards | |
None of the above |
Question 10 (1 point)
Per Adam Smith, Justice is the virtue that:
Question 10 options:
Gives each person what is due to them | |
Refrains from harming others under any circumstances | |
Consciously refrains from doing harm to another person from motives that are not naturally approved of | |
Focuses on the comfort and safety of the individual |
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