Business Management Test - Unit 5 Finance & Ethics

Front

Which of the following is a task that might be undertaken by a finance professional: Managing communications with customers and suppliers, Manage payroll, Keeping records of human resource infractions, Hiring and training new employees

Back

Manage payroll

Front

Why are ethics especially important to those who work in finance?

Back

Unethical behavior in finance leads to catastrophic results.

Front

Why do finance professionals continue to act unethically, despite the consequences? Options: They are greedy and only care about making as much money as they can., They are always rewarded for their unethical behavior., The finance field is full of temptations and pressures to be unethical., There are no legal consequences for unethical actions.

Back

The finance field is full of temptations and pressures to be unethical.

Front

When unethical decisions come from the top of an organization, it is difficult to go against them. This is an example of

Back

obedience to authority

Front

The tendency to behave in the same way that everyone else does is __________, whereas __________ occurs when people make decisions together in a way that discourages individual responsibility or creativity.

Back

conformity; groupthink

Front

When Penny started her job, she believed that lying was completely wrong. However, after two years, she has started to exaggerate financial projections and now believes that lies are only wrong when they cause direct harm. This is an example of

Back

incrementalism

Front

Nico knows he would never do anything unethical, but he is sure that all of his coworkers are tempted at one point or another. Nico is demonstrating

Back

overoptimism and overconfidence

Front

It is difficult to make decisions that can cause you harm, which is why financial professionals often act unethically due to

Back

self-interest

Front

The tendency to respond to situations depending on how those situations are posed or viewed is known as

Back

framing

Front

If Rita supports the merger, she is likely motivated by

Back

short-term gratification