FP11  1.02 Explain the role of ethics in risk management.

FP11 1.02 Explain the role of ethics in risk management.

10th - 12th Grade

10 Qs

quiz-placeholder

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FP11  1.02 Explain the role of ethics in risk management.

FP11 1.02 Explain the role of ethics in risk management.

Assessment

Quiz

Business

10th - 12th Grade

Easy

Created by

JoAnn Dabbs

Used 3+ times

FREE Resource

10 questions

Show all answers

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

Which is a potential negative consequence for a business which fails to manage risk by implementing an ethics training program for all employees?

increased conflict

damaged reputation

reduced profit margins

increased salary expense

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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 find the company for noncompliance.

5.

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.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emma is reviewing the sales budget in relation to the actual sales generated for a set time frame. Emma is using financial information in this situation to:

identify external economic trends.

analyze the impact of aging accounts.

establish new quality standards and benchmarks.

compare estimated performance with actual performance.

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