TRUE AND FALSE

1. An old adage says that there is no such thing as business ethics. TRUE
2. The Arthur Andersen/Enron fiasco has made it abundantly clear that it is
naïve to think that accounting firms are manipulated by the profit motive.
FALSE
3. T F 4 Generally, ethical behavior applies at all times in any functions in
business. TRUE
4. T F 6 Rule 103-1 describes a conflict of interest as a situation in which
certain relationships impair objectivity. FALSE
5. T F 7 Good ethics is not good business. FALSE
6. T F 9 The final rule in Section 200 deals with the use of generally accepted
accounting principles (GAAP). TRUE

MULTIPLE CHOICE
1. Accounting ethics was first introduced by
a. Matz neu
b. Luca pacioli
c. Vento ganga

2. Two extensive fields of professional ethics:

a. Managerial malfeasances and ethical problems
b. Ethical problems and financial incentive
c. Tax fraud and managerial malfeasances

Answer the following questions

1. Define and explain managing ethics?
Management ethics is ethical treatment of employees, stockholders, owners and
the public by a company.
It’s the study of standards of business behavior which promote human welfare
and the good ethics in the work places helps ensure that when leaders and
managers are struggling in times of crises and confusion, they keep a strong
moral compass.
2. List the advantages of ethics management in workplace
 Ethics programs cause the growth and development of employees.
 Ethics programs let the organization hold its ethical performance in
unsettled conditions.
 Ethics programs ensure the legality of the organization’s policy. They
also prevent the criminal act and negligence.
 Ethics programs create a positive image of the organization in people.