CPCU Ethics test REVISED ACTUAL
Exam Questions and CORRECT Answers
Everyday choices made regarding dress or speech are more a reflection of a person's personality;
ethical choices reflect a person's - CORRECT ANSWER - Character
Moral principles or practices arise out of the desire to avoid - CORRECT ANSWER - the
chaos of unrestrained personal behavior at the expense of the social order
When it comes to ethics we have the opportunity to - CORRECT ANSWER - create our
own perception and process
In general, it is our ability to _______, in other words to think beyond a surface level that
distinguishes us from the plants and animals with which we share this earth - CORRECT
ANSWER - reason critically
P T Barnum said: - CORRECT ANSWER - "No man can be dishonest without soon being
found out and when his lack of principle is discovered, nearly every avenue to success is closed...
"
Situational ethics is the term for - CORRECT ANSWER - social behavior that allows
people to choose to deal with dilemmas based on what's right at the moment
The ability to reason critically includes all of the following, EXCEPT - CORRECT
ANSWER - the ability to use judgment of facts and reach logical conclusions EXCEPT
WHEN those conclusions differ significantly from our own basic beliefs
What comment followed this remark by Aleksandr Solzhenitsyn, a famous Russian dissident?
"I've lived my life in a society where there was no rule of law. And that's a terrible existence." -
CORRECT ANSWER - "But a society where the rule of law is the only standard of ethical
behavior is equally bad."
,What does "it's not the harness but the horses that pull the wagon" mean? - CORRECT
ANSWER - Individual actions create the ethical climate in a company.
When everyone determines his or her own standards, there are no standards. What human
tendency magnifies this dilemma? - CORRECT ANSWER - judging oneself according to
one's own GOOD INTENTIONS while judging others by their WORST ACTIONS
Which term is used to describe a gut feeling, when you can tell something feels right or wrong,
ethical or unethical, legal or illegal? - CORRECT ANSWER - intuition
Acting on your mentor's suggestion that you sell a certain form of insurance to one of your
clients without questioning whether the insurance is required by your client may be an example
of which of the following common patterns of reaction? - CORRECT ANSWER - blind
faith
Suggesting the same life coverage for each person between 20 and 25 or the same annuity
products for each person between 30 and 35 may be an example of which common pattern of
reaction? - CORRECT ANSWER - habit
Reasoning critically involves much more than just an overt, animal instinct reaction to the
external events around us. Reasoning critically requires that we use our mind's ability to process
information in a logical, organized way to reach conclusions that will allow us to make thought-
based, rather than reaction-based, decisions. This involves which of the following? - CORRECT
ANSWER - questioning, rather than simply accepting
an ethical philosophy that postulates that we should always choose the action that will cause the
greatest amount of good for the greatest number of people - CORRECT ANSWER -
Utilitarianism
a philosophy that postulates that the highest ethical standard can be achieved by doing what is
the greatest good for the "individual" over the long term - CORRECT ANSWER -
Individualism
, Individualism is most often associated with which of the following? - CORRECT
ANSWER - Greatest good for the individual over the long term
Justice is most often associated with which of the following? - CORRECT ANSWER -
Equal treatment of everyone
All of the following are philosophical approaches to ethics, EXCEPT: - CORRECT
ANSWER - legal rule
The Moral Rights philosophy argues each human being is born with all of the following rights,
EXCEPT: - CORRECT ANSWER - Right to Universal Health Care
Silver Rule only asks you to do one thing. What is that? - CORRECT ANSWER - Do no
harm
The Moral Rights approach to ethics is based upon: - CORRECT ANSWER - Developing
an understanding of and healthy respect for the rights of others as individuals
Utilitarianism is most often associated with which of the following? - CORRECT
ANSWER - Greatest amount of good to occur for the greatest number of people
All of the following are philosophical approaches to ethics, EXCEPT: - CORRECT
ANSWER - religion
The overriding theme of the Justice View is to treat everyone equally, meaning ______________.
- CORRECT ANSWER - equally good, not equally bad.
Moral Rights is most often associated with which of the following? - CORRECT
ANSWER - Each individual is endowed with the right to think for him or herself and to
make decisions as free thinking human beings
Exam Questions and CORRECT Answers
Everyday choices made regarding dress or speech are more a reflection of a person's personality;
ethical choices reflect a person's - CORRECT ANSWER - Character
Moral principles or practices arise out of the desire to avoid - CORRECT ANSWER - the
chaos of unrestrained personal behavior at the expense of the social order
When it comes to ethics we have the opportunity to - CORRECT ANSWER - create our
own perception and process
In general, it is our ability to _______, in other words to think beyond a surface level that
distinguishes us from the plants and animals with which we share this earth - CORRECT
ANSWER - reason critically
P T Barnum said: - CORRECT ANSWER - "No man can be dishonest without soon being
found out and when his lack of principle is discovered, nearly every avenue to success is closed...
"
Situational ethics is the term for - CORRECT ANSWER - social behavior that allows
people to choose to deal with dilemmas based on what's right at the moment
The ability to reason critically includes all of the following, EXCEPT - CORRECT
ANSWER - the ability to use judgment of facts and reach logical conclusions EXCEPT
WHEN those conclusions differ significantly from our own basic beliefs
What comment followed this remark by Aleksandr Solzhenitsyn, a famous Russian dissident?
"I've lived my life in a society where there was no rule of law. And that's a terrible existence." -
CORRECT ANSWER - "But a society where the rule of law is the only standard of ethical
behavior is equally bad."
,What does "it's not the harness but the horses that pull the wagon" mean? - CORRECT
ANSWER - Individual actions create the ethical climate in a company.
When everyone determines his or her own standards, there are no standards. What human
tendency magnifies this dilemma? - CORRECT ANSWER - judging oneself according to
one's own GOOD INTENTIONS while judging others by their WORST ACTIONS
Which term is used to describe a gut feeling, when you can tell something feels right or wrong,
ethical or unethical, legal or illegal? - CORRECT ANSWER - intuition
Acting on your mentor's suggestion that you sell a certain form of insurance to one of your
clients without questioning whether the insurance is required by your client may be an example
of which of the following common patterns of reaction? - CORRECT ANSWER - blind
faith
Suggesting the same life coverage for each person between 20 and 25 or the same annuity
products for each person between 30 and 35 may be an example of which common pattern of
reaction? - CORRECT ANSWER - habit
Reasoning critically involves much more than just an overt, animal instinct reaction to the
external events around us. Reasoning critically requires that we use our mind's ability to process
information in a logical, organized way to reach conclusions that will allow us to make thought-
based, rather than reaction-based, decisions. This involves which of the following? - CORRECT
ANSWER - questioning, rather than simply accepting
an ethical philosophy that postulates that we should always choose the action that will cause the
greatest amount of good for the greatest number of people - CORRECT ANSWER -
Utilitarianism
a philosophy that postulates that the highest ethical standard can be achieved by doing what is
the greatest good for the "individual" over the long term - CORRECT ANSWER -
Individualism
, Individualism is most often associated with which of the following? - CORRECT
ANSWER - Greatest good for the individual over the long term
Justice is most often associated with which of the following? - CORRECT ANSWER -
Equal treatment of everyone
All of the following are philosophical approaches to ethics, EXCEPT: - CORRECT
ANSWER - legal rule
The Moral Rights philosophy argues each human being is born with all of the following rights,
EXCEPT: - CORRECT ANSWER - Right to Universal Health Care
Silver Rule only asks you to do one thing. What is that? - CORRECT ANSWER - Do no
harm
The Moral Rights approach to ethics is based upon: - CORRECT ANSWER - Developing
an understanding of and healthy respect for the rights of others as individuals
Utilitarianism is most often associated with which of the following? - CORRECT
ANSWER - Greatest amount of good to occur for the greatest number of people
All of the following are philosophical approaches to ethics, EXCEPT: - CORRECT
ANSWER - religion
The overriding theme of the Justice View is to treat everyone equally, meaning ______________.
- CORRECT ANSWER - equally good, not equally bad.
Moral Rights is most often associated with which of the following? - CORRECT
ANSWER - Each individual is endowed with the right to think for him or herself and to
make decisions as free thinking human beings
