Question 1.) Usually an ethical dilemma can be resolved with a satisfactory answer to the problem

1.) Usually an ethical dilemma can be resolved with a satisfactory answer to the problem.

TRUE

FALSE

2.) The first step in resolving an ethical dilemma is to analyze the consequences.

TRUE

FALSE

3.) Due to aggressive competitors, Joe Smith feels pressured to lie to an important customer to keep the customer. He feels they will never discover the truth. With this ethical dilemma, the first thing Joe must do is analyze the actions without thinking about consequences.

TRUE

FALSE

4.) The final step in solving an ethical dilemma is to evaluate the results of your decision.

TRUE

FALSE

5.) Arthur Dobrin identified 15 questions you should consider when resolving an ethical dilemma.

TRUE

FALSE

6.) The process of ethical reasoning involves looking at the available information and then drawing conclusions based on that information in relation to our own ethical standards.

TRUE

FALSE

7.) Preconventional is the lowest level of Lawrence Kohlberg’s stages of ethical reasoning.

TRUE

FALSE

8.) The first stage of Lawrence Kohlberg’s stages of ethical reasoning is preconventional.

TRUE

FALSE

9.) The third stage of Kohlberg’s stages of ethical reasoning is law and order.

TRUE

FALSE

10.) In the third stage of Kohlberg’s stages of ethical reasoning, a person is focused on meeting the expectations of friends and coworkers and how something will affect their life.

TRUE

FALSE

11.) Because of the Sarbanes-Oxley Act, today, when employees are asked to do something that conflicts with their own personal values, seldom is the guidance from companies a series of clichés.

TRUE

FALSE

12.) “Do what’s legal” is an ethical cliché.

TRUE

FALSE

13.) Over the last four decades, corporate ethics has remained in the organizational mainstream.

TRUE

FALSE

14.) In resolving a truth versus loyalty dilemma, you must decide whether the decision will have short-term or long-term consequences.

TRUE

FALSE

15.) In resolving a justice versus mercy dilemma, you must answer whether you perceive the issue as a question of dispensing justice or mercy.

TRUE

FALSE

16.) An ethical dilemma is a situation in which there is a “right” versus “right” answer.

TRUE

FALSE

17.) Once you have reached a decision as to the type of conflict you are facing, the three resolution principles are: ends-based, rules-based, and the Golden Rule.

TRUE

FALSE

18.) If you utilize the rules-based resolution principle, you would consider which decision would provide the greatest good for the greatest number of people.

TRUE

FALSE

19.) If you utilize the Golden Rule resolution principle, you would utilize the principle: do unto others as you would have them do unto you.

TRUE

FALSE

20.) Andrew Young’s statement, “Nothing is illegal if a hundred businessmen decide to do it” is one of the commonly held rationalizations that can lead to misconduct.

TRUE

FALSE

21.) The accounting function is the certification of an organization’s financial statements as being accurate.

TRUE

FALSE

22.) Internal auditors provide counsel for improving controls, processes and procedures, performance, and risk management.

TRUE

FALSE

23.) The accounting profession is governed by a set of laws and established legal precedents.

TRUE

FALSE

24.) GAAP are accepted principles utilized as standard operating procedures within the industry.

TRUE

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