Multiple Choice 16. The core components upon which a company’s ethical

Question : Multiple Choice 16. The core components upon which a company’s ethical : 1800954

Multiple Choice

16. The core components upon which a company’s ethical performance depends include:

A. The values and virtues of the managers.

B. The personal character of the managers and employees.

C. The traditions, attitudes, and business practices built into a company’s culture.

D. All of the above.

17. The unspoken understanding among employees of what is and is not acceptable behavior is called:

A.Ethical climate.



D.Rites and rituals.

18. If a manager approaches ethical issues with a self-centered approach, emphasis will be on:


B.Social relationship.

C.Economic efficiency.


19. Which of the following is not an example of an ethical criterion?

A. Egoism.

B. Concern for others.

C. Principle.

D. Corporate driven.

20. If a manger approaches ethics with benevolence in mind, he or she would stress what?

A. Friendly relations with an employee.

B. Company rules and procedures.

C. Laws and professional codes.

D. Economic efficiency.

21. Which ethical criterion is described by the idea that a company should strive for efficiency?

A. Egoism.

B. Benevolence.

C. Principle.

D. Business-centered.

22. By law, the financial records of publicly held companies are required to be:

A. Managed by an accounting department of at least 5 CPAs.

B. Summarized in the employee manual for new hires.

C. Reviewed quarterly by the IRS.

D. Audited by a certified professional accounting firm.

23. All of the following are commitments of the Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants except:

A. The Public Interest.

B. Objectivity and Independence.

C. Due Process.

D. Due Care.

24.  A member of the Chartered Financial Analyst Institute (CFA) must:

A. Promote the integrity of and uphold the rules governing global capital markets.

B. Act with integrity, competence, diligence, respect, and in an ethical manner with the public.

C. Maintain and improve their professional competence.

D. All of the above.

25. When a bank employee makes trades using the firm’s money without its authorization, the practice is called:

A.  Rogue accounting.

B.  Rogue trading.

C.  Ponzi scheme.

D.  Imbalanced banking.

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Ethics 3 Years Ago 499 Views
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