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FP2 1.02 Ethics In Risk Mgmt.

Authored by Fran Clark

Business

10th - 12th Grade

Used 7+ times

FP2 1.02 Ethics In Risk Mgmt.
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because Maggie's primary goal is to get ahead in the company, she often uses questionable tactics to get a sale, which sometimes involves misleading her customers. Maggie's behavior is a risk to her employer because Maggie places more importance on personal gain than she does on: 

business ethics. 
her productivity. 
social responsibility. 
operating procedures. 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aiden runs a medium-sized business and decides not to implement an ethics training program for his employees. Which is a potential negative consequence his business might face due to failing to manage risk in this way? 

increased conflict 

damaged reputation 

reduced profit margins 

increased salary expense 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Daniel is working in a company’s risk management department. Without ethical standards, risk management activities can sometimes occur: 

rarely. 

illegally. 

at the expense of other people. 

without a strong leader in place. 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Kai is working at an insurance company and is responsible for assessing risk for new clients. Which is an unethical activity that relates to risk management? 

issuing bonds to raise funds for a corporation 

withholding information from insurance underwriters 

requesting various documents to process a loan request 

using third-party debt collectors to obtain overdue payments 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Michelle has acquired proof that her coworker Ted has been embezzling money from the company. If Michelle fails to inform her employer about Ted's activities, what will likely occur? 

Ted will be charged with a felony. 
The company's financial risk will increase. 
The company's property insurance premium will increase. 
The government will fine the company for noncompliance. 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A health food company claims that its products will cure many diseases, but without proof of this claim. When customers realized that the claim was unfounded, the company suffered from a damaged reputation and many lawsuits. The company's behavior is considered to be: 

favorable. 
moral. 
normal. 
unethical. 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Charlotte is responsible for managing risks at her company. One goal of risk management for Charlotte is to: 

limit losses. 

increase expenses. 

increase employee loyalty. 

determine right from wrong. 

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