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BA3021 Test 1 With
Complete Solution
Trent is a marketing executive for Unique Appliance Company. Compared to Trent's personal choices, his actions in the business world require the application of - ANSWER the same ethical standards
Darby, an employee of Equipment Sales, Inc., takes a duty-based approach to ethics. Under this standard, Darby believes that she must - ANSWER avoid unethical behavior regardless of the consequences.
Mikayla, chief financial officer of Napoli Pasta Company, adopts religious ethical standards. These involve an element of - ANSWER compassion
Reba, an employee of Sterling Credit Bank, takes an outcome-based approach to ethics. With this approach, Reba beheves that she must - ANSWER achieve the greatest good for the most people.
Don is a manager with Engineering Aviation Systems. At a company ethics meeting, Don's most effective argument against utilitarianism is that it - ANSWER justifies human costs that many persons find unacceptable.
In resolving an ethical problem, in most cases a decision by Oil Production Services, or any business firm, will have a negative effect on - ANSWER one group as opposed to another
Based on a Sample CPA Exam Question. Ethical standards would most likely be considered violated if Light & Sound Services, Inc., represents to Studio Film Production Company that certain services will be performed for a stated fee, but it is apparent at the time of the representation that - ANSWER the actual charge will be substantially higher
Stefanie, the president of Thruway Trucking, Inc., tries to ensure that Thruway's actions are legal and ethical. To ensure this result, the best course of Stefanie and Thruway is to act in - ANSWER good faith
Pew, an executive with Black Spot Corporation, follows the "principle of rights" theory, under which an action may be ethical depending on how it affects - ANSWER the rights of others. ¦
Treasure Trove, Inc.,' a U.S. corporation, makes a side payment to the minister of commerce of Tuvalu (an island country in the Pacific Ocean) for a favorable business contract. In the United States, this payment would be considered - ANSWER illegal and unethical.
Kirsten, an accountant, accumulates working papers in performing an audit for her client, Limousine Service Corporation. Kirsten can release those papers - ANSWER only with limousine's permission
Based on a Sample CPA Exam Question. Digital, Inc., asks Eton, an accountant, to prepare its financial statements. Eton conducts the audit negligently. The firm uses the statements to obtain a loan from First Credit Bank. The loan is not repaid. In most states, Eton is - ANSWER liable to First Credit ifEton knew the bank would rely on the statements
Xtra, Inc., includes financial statements prepared by Yvon, an accountant, in a registration statement filed with the SEC as part of a public stock offer. Zach buys 100 shares and later suf fers losses due to misstatements of fact in the statements. Zach sues Yvon under the Securities Act of 1933. Zach will - ANSWER win, if the misstatements were material.
Dirk, an accountant, audits financial statements for Eventide Corporation and issues an unqualified opinion on them. Fran buys 100 shares of Eventide stock and later suffers losses due to misrepresentations in the statements. Fran sues Dirk under the Securities Exchange Act of 1934. Fran will - ANSWER win, if Dirk prepared the statements with knowledge of the misstatements.
Jack is an accountant. In most states, Jack can be compelled to disclose a chent's communication - ANSWER only on a court order.
In auditing Great Mart Corporation's books, Hal is assisted by Ira, a Great Mart employee. I does not discover Ira's theft of Great Mart money because Ira bides records that would reveal When Ira absconds with the money,. Great Mart sues Hal. Great Mart will - ANSWER lose, because Hal could not reasonably have been expected to discover the theft
Carol, an accountant, breaches- her contract with Diners Cafe, a local restaurant. Damages tl Diners may recover include - ANSWER penalties for missing deadlines and the cost to secure, services elsewhere
Lily is injured in an auto accident^ but Mega Insurance, Inc., refuses to pay her claim. She hi Nick, an attorney, who fails to file a suit against Mega before the time for filing runs out. I sues Nick. She will - ANSWER win, because Nick committed malpractice.
Fix-It Auto Repairs hires Gina, an accountant, to perform an audit, in the course of which i accumulates several hundred pages of notes, computations, and other memoranda. After audit , - ANSWER Gina has the right to retain all working papers
Jane is an accountant whom Kary, a former client, charges with negligence. Jane's defense include « - ANSWER that she was not negligent, and if she was negligent, it was not the proximate cause of Kai loss
Frank, an officer of Gyra Gizmo, Inc., learns that Gyra has developed a new source of
. interferes with interstate commerce. A. court' will likely - ANSWER balance Alabama's interest in regulating the matter against the burden on interstate commerGe.
A Nevada statute bans business entities from making political contributions that individuals can make. A court would likely hold this statute to be - ANSWER an unconstitutional restriction of speech.
An Ohio statute bans- certain^ advertising to prevent consumers from being misled. A court would likely hold this statute to be - ANSWER constitutional under the First Amendment
Procedures used in Oklahoma and other states in making decisions to take life, liberty, or property are the focus of constitutional provisions covering - ANSWER procedural due process
A Vermont statute that limits the liberty of all persons to engage in a certain activity may vio late constitutional provisions covering - ANSWER substantive due process.
A Harbor City ordinance restricts most vendors from doing business in a heavily trafficked area. This might be upheld under constitutional provisions covering - ANSWER equal protection
If South Carolina enacts a statute that directly conflicts with a federal law - ANSWER the federal law takes precedence.
The First Amendment protects Nancy and others from - ANSWER dissemination of obscene materials and speech that harms their good reputations or violates state criminal laws
