Ethical Behaviour and Implications for Accountants MCQ | 60 Free MCQs
Ethical Behaviour and Implications for Accountants MCQ
1. The term, ‘Ethics’ comes from ________ word.
a) German
b) French
c) Greek
d) None of the above
2. Ethical behaviour distinguishes right from _____________ .
a) Correct from incorrect
b) wrong
c) proper from improper
d) All of the above
3. Ethical behaviour should be practiced with ____________ .
a) Customers
b) Suppliers
c) Shareholders
d) Stakeholders
4. Ethical principles are __________ .
a) Well designed
b) Clearly articulated
c) Ill defined
d) a & b
5. Unethical behaviour can ___________ the company.
a) Defame
b) Cost
c) Harm
d) All of the above
6. Disclosure is the component of _________ ethical behaviour.
a) Customer loyalty
b) Workplace
c) Positive environment
d) Retain good employees
7. Ethical behaviour encourages _________ actions.
a) Good
b) Bad
c) Illegal
d) Right
8. Ethical behaviour ensures ____________ .
a) Retain good employees
b) Positive environment
c) Customer loyalty
d) All of the above
9. In India CSR is made mandatory from _____________ .
a) April, 2018
b) April, 2013
c) April, 2014
d) None of the above
10. A company has to spend ________ % of Net Profit on CSR.
a) 8
b) 4
c) 6
d) 2
| Answers: 1)Greek 2)wrong 3)Stakeholders 4)Well designed 5)Defame 6)Workplace 7)Right 8)Customer loyalty 9)April, 2014 10)2 |
11. Sec. __________ of the Companies Act 2013 governs CSR.
a) 123
b) 135
c) 198
d) 125
12. Donating time for community is __________ responsibility.
a) Legal
b) Ethical
c) Philanthropic
d) Economic
13. _________ is the principle of ethical behaviour.
a) Integrity
b) Objectivity
c) Confidentiality
d) All of the above
14. Emphasis on short term results is the reason for ____________ behaviour.
a) Unethical
b) Ethical
c) Legal
d) None of the above
15. Misappropriation of assets may take place at __________ .
a) Entry level
b) Any level
c) None of the above
16. Rules–based accounting standards facilitate ___________.
a) Adds excessive complexity
b) Do not reflect true and fair view
c) Financial Engineering
d) All of the above
17. Rules–based approach provides _________ for judgement.
a) Room for judgement
b) No room
c) Greater scope for interpretation
d) All of the above
18. ASB is constituted by __________ .
a) ICAI
b) Central Government
c) State Government
d) None of the above
19. ASB is constituted in ____________ .
a) 1977
b) 2015
c) 2014
d) 2002
20. Revised code ensures compliance of ____________ .
a) Integrity
b) confidentiality
c) Objectives
d) All of the above
| Answers: 11)135 12)Philanthropic 13)Integrity 14)Unethical 15)Any level 16) Financial Engineering 17)No room 18)ICAI 19)1977 20)confidentiality |
21. Satyam was audited by ____________ .
a) Batliboy & Co.
b) Furguson & Co.
c) Padwal & Co.
d) Price waterhouse
22. Law suit is the effect of _________ behaviour.
a) Legal
b) Ethical
c) Unethical
d) None of the above
23. Unethical behaviour results in Loss of __________ capital.
a) Loss of trust
b) Law suits
c) Human
d) All of the above
24. Ethics education can check ___________ reporting.
a) Unethical
b) Ethical
c) Legal
d) None of the above
25. Code of Ethics sets out company __________.
a) Values
b) Ethic
c) Objectives
d) All of the above
26. Whistle blowers are _________ of public.
a) Ears
b) Hands
c) both a & b
d) Eyes
27. A person who shares his knowledge on wrong doing is a __________.
a) Director
b) Whistle blower
c) Executive
d) All of the above
28. The components of workplace ethical behaviour are
a) Honesty
b) Legality
c) Disclosure
d) All of the above
29. Ethical behaviour ensures
a) Customer loyalty
b) Retain good employees
c) Positive environment
d) All of the above
30. Ethical behaviour encourages
a) Good actions
b) Bad actions
c) Illegal actions
d) None of the above
| Answer: 21)Price Waterhouse 22)Unethical 23)Human 24)Unethical 25)Values 26)Eyes 27)Whistleblower 28)All of the above 29)All of the above 30)Good actions |
31. If the company fails to comply with CSR obligations the penalty is not less than
a) Rs 20,000
b) Rs 30,000
c) Rs 50,000
d) Rs 75,000
32. Donating time towards a community is a
a) Ethical responsibility
b) Legal responsibility
c) Economic responsibility
d) Philanthropic responsibility
33. Accounting and finance need
a) Legal rules only
b) Ethical rules only
c) Social rules only
d) All of the above
34. Reasons for unethical behaviour include
a) Emphasis on short term results
b) Ignoring unethical issues
c) Economic cycles
d) All of the above
35. Principles of Ethical behaviour include
a) Integrity
b) Objectivity
c) Confidentiality
d) All of the above
36. Misappropriation of assets may take place
a) At Jr. level
b) At Sr. level
c) At middle level
d) At any level
37. Charging cost of family dinner to the company is
a) Misappropriation of assets
b) Fraudulent reporting
c) Ethical reporting
d) All of the above
38. Principles of Accounting and Finance ethics include
a) Integrity
b) Professional competence
c) Professional behaviour
d) All of the above
39. Rule-based accounting standards
a) Adds excessive complexity
b) Facilitates financial engineering
c) Do not reflect true and fair view
d) All of the above
40. An appropriate principles-based approach must be
a) Broad in its scope
b) Narrow in its scope
c) Definite in its scope
d) None of the above
| Answer: 31)Rs 50,000 32)Philanthropic responsibility 33)All of the above 34)All of the above 35)All of the above 36)At any level 37)Misappropriation of assets 38)All of the above 39)All of the above 40)Broad in its scope |
41. Rules–based approach provides
a) Room for judgement
b) No room for judement
c) Greater scope for interpretation
d) All of the above
42. Rules–based approach provides
a) Detailed rules
b) Consistency
c) Authoritative support
d) All of the above
43. In principles based approach the accountant has
a) No discretion
b) Discretion
c) Wider scope
d) All of the above
44. ASB is constituted by
a) ICAI
b) Central Government
c) State Government
d) None of the above
45. ASB is constituted in
a) 1977
b) 2014
c) 2015
d) 2002
46. The draft of Accounting Standard is circulated to
a) SEBI
b) CBDT
c) Members of ICAI
d) All of the above
47. Revised code ensures compliance of
a) Integrity
b) Objectivity
c) Confidentiality
d) All of the above
48. The code of Ethics applies to
a) Professional Appointments
b) Conflicts of Interest
c) Gifts & hospitality
d) All of the above
49. The ethical issues faced by the Accountants include
a) Accuracy
b) Accountability
c) Ethics, values and moral
d) All of the above
50. Code of Ethics sets out
a) Company values
b) Ethics
c) Objectives
d) All of the above
| Answer: 41)No room for judement 42)All of the above 43)Discretion 44)ICAI 45)1977 46)All of the above 47)All of the above 48)All of the above 49)All of the above 50)All of the above |
