8. Big Data can originate:

a. either inside or outside a company.

b. from inside a company only.

c. only from the accounting information system. (answer)

d. from outside a company only.

9. McDonald identified four criteria to be considered a professional. One of them requires accounting professionals to adopt the ___ school of ethical thought.

a. none of these

b. professional(answer)

c. ethical egoism

d. Utilitarian

10. Debra and Dexter are CPAs specializing in tax planning and preparation. Their father, Harry, taught them that being a good person will lead to doing good things. Which school of ethical thought does Harry follow?

a. utilitarianism

b. virtue ethics(answer)

c. deontology

d. ethical egoism

11. In accounting, ethics issues can arise in:

a. Earnings smoothing.

b. Both revenue recognition and earnings smoothing. (answer)

c. Neither revenue recognition nor earnings smoothing.

d. Revenue recognition.