Ethics and Professional Standards Quiz

Ethos means ____

• Conduct

• Custom

• Character

• good

Ethics can be most accurately described as?

• A commitment to upholding the

  law.

• An individual’s personal opinion

  about right and wrong.

• A set of moral principles that

  provide guidance for our

  behavior.

• Policies that helps to decide.

What is Standards of conduct?

• necessary component of code of

  ethics

• guide regarding proper conduct

• benchmarks for the minimally

  acceptable behavior

• Principal of ethics

______ is not included as base for profession.

• specialized knowledge and skills

• service to others

• Members who share common

  code of ethics.

• Academic Performance

___ is not included by Professionals to use their specialized knowledge and skills:

• service to others

• advance their career

• benefit of their employers

• Client location

_______ are external factors, such as environmental or cultural elements, that shape

our thinking, decision making

• Social Media Influences

• Profile

• Situational influences

• Trust

Investment professionals have a special responsibility to act ethically because

• Industry is heavily regulated.

• entrusted to protect clients’ assets

• requires compliance with its code

  of ethics

• Legal framework

financial adviser’s need to keep strong relationship with ____ to get new clients to

invest in the funds?

• Friends

• Employer

• Clients

• Teammates

Ethical decision-making frameworks helps to _____

• Raise awareness of different

  perspectives.

• short-term consequences

• allocate more weight to those

  who will directly benefit from the

  decision

• Advertise ethical practices

In any given profession, the code of ethics ________ communicates the established

principles and expected behavior of its members.

• Publicly

• Privately

• Remotely

• Suddenly