FP11 1.02 Explain the role of ethics in risk management.

Quiz
•
Business
•
10th - 12th Grade
•
Easy
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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