Financial Planning 2 Unit 6 EXAM REVIEW

Whitley’s ethical beliefs are the same whether she’s at work, at school, or hanging out with her friends. Whitley follows:

• A. ethical consequences.

• B. situational beliefs.

• C. ethical principles.

• D. popular beliefs.

Kelli helped her daughter June with her math homework throughout middle school. June barely passed her final exam. As June enters high school, which principle may Kelli discover about the situation?

• accountability

• fairness

• transparency

• viability

Which is an example of demonstrating integrity in one's personal life?

• keeping the money that someone left in the ATM

• using a white lie as an excuse to get out of an obligation

• admitting to one's parents when one forgets to empty the dishwasher

• being honest with one's friend and telling her that one dislikes her outfit

Ethical situations typically deal with which type of question?

• tax issues

• life or death

• right or wrong

• financial disbursement

One way to demonstrate integrity in the workplace is to:

• take advantage of the employer's policies.

• critique the work of colleagues when possible.

• respect the confidentiality and privacy of coworkers.

• keep all relationships professional rather than friendly.

The zero-tolerance policy that John has for insubordination helps others have confidence in his leadership abilities. He has developed a culture of:

• altruism.

• fairness.

• respect.

• trustworthiness.

Even in difficult times during the season, Scarlet sticks with her teammates and continues to work hard and support them. Which step is she following to enact honesty in her life?

• remaining loyal

• being courageous

• taking responsibility

• following the Golden Rule

Leaders who share a belief in justice, a desire to do the right thing, and an awareness of the rights of other people can be said to have:

• integrity.

• credibility.

• competence.

• emotional intelligence.

A leader should be an expert at his/her job. This demonstrates the leadership characteristic of:

• flexibility.

• business knowledge.

• emotional intelligence.

• the ability to share a vision.

Where can ethical leaders be found?

• anywhere

• in entrepreneurial projects

• mostly in the finance industry

• only in large successful companies