CFI CBCA Professional Ethics Newest 2026
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Terms in this set (70)
Course Introduction -What to do when you are faced with an ethical
Ethics need to be understood, dilemma?
thought about, and embraced. -How to respond and maintain your own ethical
integrity?
Learning Objectives -Explain why ethics matter within an organization
-Describe the elements of business ethics
-Understanding the ethical culture of an
organization -Apply professional ethics and the
moral principles of integrity
-Apply approaches to ethical decision making
-Utilize sources of ethical guidance
,Why Ethics Matter Recent Public Lapses in Ethical Standards
Six companies that have had ethical lapses:
-Theranos
-WeWork
-Boeing
-Volkswagon
-BP
-Wells Fargo
For each of the organizations listed, research
what the ethical lapse was and what the resultant
impact was on the company.
• How was the ethical lapse discovered?
• What was the impact of that lapse on the
company?
Theranos and WeWork -Charismatic but unethical leaders
-Unicorn companies
-Have a valuation of over $1BN during startup
Theranos answers • The claims made that the blood tests worked
were false.
• Thousands of blood tests were inaccurate and
some cost people their lives.
• Whistleblower went to press.
• Theranos was dissolved in September 2018, and
the lawsuits continue.
, WeWork answers • Falsely inflated company value.
• CEO self-dealt in a number of different areas.
• Collapse of IPO.
• CEO was fired and the company has been trying
to recover its reputation and financial stability.
Beoing answers • Two Boeing MAX 737 crashes prompted full
Federal Aviation Authority investigation.
• Leaked incriminating documents showed that
the MAX was known to be unsafe.
• However, Boeing chose profitability over safety
and put a poorly-designed, unsafe airplane into
service.
• Stock price took a sharp decline and may never
recover.
BP answers • In 2005, an oil refinery explosion caused one of
the principal investigators to write a book
("Failure to Learn") about the lack of safety
culture over profits.
• In 2010, Deepwater Horizon offshore oil rig
explosion killed 11 workers and destroyed a
significant portion of the Gulf Coast.
• Stock price took a sharp decline. Paid billions in
legal costs and fines.
Volkswagon answers • European car manufacturer that wanted to enter
the North American market.
• Installed a software chip into cars to cheat
emissions tests and advertised cars as "clean
diesel."
• Accidentally discovered by research students
trying to replicate tests, and an insider revealed
the reason.
• Paid over $30BN in fines & legal fees, and many
of their executives have received jail sentences.
Questions and Answers (Latest
Update) (Verified Answers) 100% Correct |
Grade A+
Save
Terms in this set (70)
Course Introduction -What to do when you are faced with an ethical
Ethics need to be understood, dilemma?
thought about, and embraced. -How to respond and maintain your own ethical
integrity?
Learning Objectives -Explain why ethics matter within an organization
-Describe the elements of business ethics
-Understanding the ethical culture of an
organization -Apply professional ethics and the
moral principles of integrity
-Apply approaches to ethical decision making
-Utilize sources of ethical guidance
,Why Ethics Matter Recent Public Lapses in Ethical Standards
Six companies that have had ethical lapses:
-Theranos
-WeWork
-Boeing
-Volkswagon
-BP
-Wells Fargo
For each of the organizations listed, research
what the ethical lapse was and what the resultant
impact was on the company.
• How was the ethical lapse discovered?
• What was the impact of that lapse on the
company?
Theranos and WeWork -Charismatic but unethical leaders
-Unicorn companies
-Have a valuation of over $1BN during startup
Theranos answers • The claims made that the blood tests worked
were false.
• Thousands of blood tests were inaccurate and
some cost people their lives.
• Whistleblower went to press.
• Theranos was dissolved in September 2018, and
the lawsuits continue.
, WeWork answers • Falsely inflated company value.
• CEO self-dealt in a number of different areas.
• Collapse of IPO.
• CEO was fired and the company has been trying
to recover its reputation and financial stability.
Beoing answers • Two Boeing MAX 737 crashes prompted full
Federal Aviation Authority investigation.
• Leaked incriminating documents showed that
the MAX was known to be unsafe.
• However, Boeing chose profitability over safety
and put a poorly-designed, unsafe airplane into
service.
• Stock price took a sharp decline and may never
recover.
BP answers • In 2005, an oil refinery explosion caused one of
the principal investigators to write a book
("Failure to Learn") about the lack of safety
culture over profits.
• In 2010, Deepwater Horizon offshore oil rig
explosion killed 11 workers and destroyed a
significant portion of the Gulf Coast.
• Stock price took a sharp decline. Paid billions in
legal costs and fines.
Volkswagon answers • European car manufacturer that wanted to enter
the North American market.
• Installed a software chip into cars to cheat
emissions tests and advertised cars as "clean
diesel."
• Accidentally discovered by research students
trying to replicate tests, and an insider revealed
the reason.
• Paid over $30BN in fines & legal fees, and many
of their executives have received jail sentences.
