CPCU ETHICS FINAL EXAM AND PRACTICE EXAM
QUESTIONS ACTUAL EXAM COMPLETE 207
QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED A+
Elder Abuse is commonly defined as financial abuse of an elder or dependent
adult that occurs for the following reasons: a person who assists in defrauding an
elder or __________________. - ANSWER..a person takes, secretes,
appropriates, or retains real or personal property of an elder to a wrongful use or
with the intent to defraud
All of the following are included in activities that fall under the definition of elder
abuse, EXCEPT: - ANSWER..a person cares for the personal property of an
elderly
Many states have passed laws and regulations addressing the risks associated with
representing companies that are categorized as Unauthorized Entities. An
Unauthorized Entity is ___________________. - ANSWER..a company that
does business without a duly authorized license in a given state
All of the following are included in activities that fall under the definition of elder
abuse, EXCEPT: - ANSWER..a person envies real property of an elder
Ethical decision making requires - ANSWER..more than a belief in the
importance of ethics and the desire to make ethical decisions
Ethical decisions incorporate - ANSWER..sensitivity to the various implications
of choices, the ability to identify and evaluate complex, ambiguous and
incomplete facts, the capacity to think objectively, the skill to implement ethical
decisions effectively and the willingness to review and revise decisions based on
outcomes.
The first step in making a difficult ethical decision - ANSWER..identify the issues
and the parties to the conflict
,There are two critical aspects to ethically sound decisions: - ANSWER..knowing
what to do and doing it.
According to the Josephson Institute of Ethics Making Sense of Ethics -
ANSWER..first requirement of good ethical decision-making is 'discernment'.
discernment - ANSWER..it is just as dishonest to deliberately deceive someone
by half-truths and omissions as to tell an outright lie.
Discernment requires knowledge and judgment."
Good decisions - ANSWER..require discipline, the strength of character to do
what should be done even when it is costly or uncomfortable
The insurance industry is an easy target for the expression of mistrust because -
ANSWER..v
It is dishonest to do all of the following, EXCEPT: - ANSWER..Inadvertently
misleading because of incomplete information
Which of the following are NOT current ethical dilemmas in the insurance
industry? - ANSWER..Entertaining television ads
Inconsistent approaches to ethical decisions typically reflect
________________________. - ANSWER..individual values as opposed to
universal standards
It's not enough that we discern the ethical and effective course; we must follow
it. This often takes will-power or moral courage and the willingness to do the
right thing even when it is ___________. - ANSWER..difficult
The insurance industry is an easy target for the expression of mistrust because the
business is not easy to understand, in the best of circumstances. This does
______________. - ANSWER..not give us an excuse but a challenge
Utilitarianism is most often associated with which of the following? -
ANSWER..Greatest amount of good to occur for the greatest number of people
, All of the following are philosophical approaches to ethics, EXCEPT: -
ANSWER..religion
The overriding theme of the Justice View is to treat everyone equally, meaning
______________. - ANSWER..equally good, not equally bad.
Moral Rights is most often associated with which of the following? -
ANSWER..Each individual is endowed with the right to think for him or herself
and to make decisions as free thinking human beings
Moral rights philosophy - ANSWER..each individual is endowed with the right
to think for himself or herself and to make decisions as a free thinking human
being. The moral rights philosophy holds that the decisions and choices made by
each individual are deserving of (and should be) respected
Among the moral rights philosophy - ANSWER..The right to privacy, truth,
justice, freedom from injury or harm, and many other individual rights
The justice view - ANSWER..in order to act ethically you need to treat everyone
in the same way
Silver Rule - ANSWER..only asks you to do one thing—don't cause any harm to
others
The Silver Rule - ANSWER..doesn't require the universal ethical investment as
the Golden Rule
Golden Rule - ANSWER..a strong, proactive universal standard that calls for you
to do what is right and good for others
Ethical - ANSWER..Behavior consistent with agreed principles of correct moral
conduct.
Values - ANSWER..relate to how an individual determines his or her own
behavior, whereas ethics relate to the broader societal definition of moral conduct
As a rule, - ANSWER..values have little to do with ethics.
QUESTIONS ACTUAL EXAM COMPLETE 207
QUESTIONS WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) /ALREADY GRADED A+
Elder Abuse is commonly defined as financial abuse of an elder or dependent
adult that occurs for the following reasons: a person who assists in defrauding an
elder or __________________. - ANSWER..a person takes, secretes,
appropriates, or retains real or personal property of an elder to a wrongful use or
with the intent to defraud
All of the following are included in activities that fall under the definition of elder
abuse, EXCEPT: - ANSWER..a person cares for the personal property of an
elderly
Many states have passed laws and regulations addressing the risks associated with
representing companies that are categorized as Unauthorized Entities. An
Unauthorized Entity is ___________________. - ANSWER..a company that
does business without a duly authorized license in a given state
All of the following are included in activities that fall under the definition of elder
abuse, EXCEPT: - ANSWER..a person envies real property of an elder
Ethical decision making requires - ANSWER..more than a belief in the
importance of ethics and the desire to make ethical decisions
Ethical decisions incorporate - ANSWER..sensitivity to the various implications
of choices, the ability to identify and evaluate complex, ambiguous and
incomplete facts, the capacity to think objectively, the skill to implement ethical
decisions effectively and the willingness to review and revise decisions based on
outcomes.
The first step in making a difficult ethical decision - ANSWER..identify the issues
and the parties to the conflict
,There are two critical aspects to ethically sound decisions: - ANSWER..knowing
what to do and doing it.
According to the Josephson Institute of Ethics Making Sense of Ethics -
ANSWER..first requirement of good ethical decision-making is 'discernment'.
discernment - ANSWER..it is just as dishonest to deliberately deceive someone
by half-truths and omissions as to tell an outright lie.
Discernment requires knowledge and judgment."
Good decisions - ANSWER..require discipline, the strength of character to do
what should be done even when it is costly or uncomfortable
The insurance industry is an easy target for the expression of mistrust because -
ANSWER..v
It is dishonest to do all of the following, EXCEPT: - ANSWER..Inadvertently
misleading because of incomplete information
Which of the following are NOT current ethical dilemmas in the insurance
industry? - ANSWER..Entertaining television ads
Inconsistent approaches to ethical decisions typically reflect
________________________. - ANSWER..individual values as opposed to
universal standards
It's not enough that we discern the ethical and effective course; we must follow
it. This often takes will-power or moral courage and the willingness to do the
right thing even when it is ___________. - ANSWER..difficult
The insurance industry is an easy target for the expression of mistrust because the
business is not easy to understand, in the best of circumstances. This does
______________. - ANSWER..not give us an excuse but a challenge
Utilitarianism is most often associated with which of the following? -
ANSWER..Greatest amount of good to occur for the greatest number of people
, All of the following are philosophical approaches to ethics, EXCEPT: -
ANSWER..religion
The overriding theme of the Justice View is to treat everyone equally, meaning
______________. - ANSWER..equally good, not equally bad.
Moral Rights is most often associated with which of the following? -
ANSWER..Each individual is endowed with the right to think for him or herself
and to make decisions as free thinking human beings
Moral rights philosophy - ANSWER..each individual is endowed with the right
to think for himself or herself and to make decisions as a free thinking human
being. The moral rights philosophy holds that the decisions and choices made by
each individual are deserving of (and should be) respected
Among the moral rights philosophy - ANSWER..The right to privacy, truth,
justice, freedom from injury or harm, and many other individual rights
The justice view - ANSWER..in order to act ethically you need to treat everyone
in the same way
Silver Rule - ANSWER..only asks you to do one thing—don't cause any harm to
others
The Silver Rule - ANSWER..doesn't require the universal ethical investment as
the Golden Rule
Golden Rule - ANSWER..a strong, proactive universal standard that calls for you
to do what is right and good for others
Ethical - ANSWER..Behavior consistent with agreed principles of correct moral
conduct.
Values - ANSWER..relate to how an individual determines his or her own
behavior, whereas ethics relate to the broader societal definition of moral conduct
As a rule, - ANSWER..values have little to do with ethics.
