WebCE Practice Questions And Answers

1. The ethical principle, "Place the interests of others above your own," is an example of - Answer- b. positive actions or results-based ethics 2. Your sister escaped from an abusive husband and is hiding in your basement when her husband knocks on your door, brandishes a pistol, and asks, "Is she in there?" This is - Answer- c. an ethical dilemma because it puts two ethical principles against one another 3. A graduate insurance student attempted to determine the factors that lead insurance claimants to be honest despite their inherent self-interests. Which field of ethics did this study involve? - Answer- b. Metaethics 5. One of the Ten Commandments that serve the Judeo-Christian heritage is, "Thou shalt not kill." This assumption applies which type of normative ethics theory? - Answer- Duties John Agent has received competitive quotes from two insurers on one of his commercial accounts that are very close in terms of coverage and pricing. He feels that one of the insurers will provide better claims service than the other and wants to recommend that insurer. Coincidentally, that insurer set a sales goal for its producers that, when met, will reward them with a free trip to Italy, and John is very close to hitting the magic number. When John presents his recommendation, he also informs the insurance manager for the account of this possibility. Why did John do this? - Answer- d. The sales contest presents John with a conflict of interest, which he is disclosing to avoid an appearance of unethical behavior Peter President is the CEO of a major corporation. Peter tries very hard to follow his company's code of ethics and to act ethically when making business decisions. Which of the following would not be an example of ethical behavior? - Answer- c. Peter does not admit mistakes that might make his company look bad What is the primary reason why an insurance industry pundit has suggested that increased diversity in the insurance workforce would improve the insurance industry's image? - Answer- d. A diversified workforce would better reflect society The criteria CBL Media use to identify each year's best corporate citizens vary from year to year depending at least in part on changing social and political issues. The 2021 criteria used to evaluate corporate citizenship include all the following, EXCEPT: - Answer- d. social distance Although he still has a lot to learn about insurance, John Agent always makes certain he can live up to his promises, is very punctual, is open and honest with clients about his compensatio