ETHICS LLQP QUESTION BANK 2026
COMPLIANCE AND ETHICAL DECISION
MAKING REVIEW UPDATED A+
◉ Why are hotlines useful in a firm?
Answer: Because they allow the caller to remain anonymous.
◉ Why is shared leadership important?
Answer: It establishes checks and balances on every member of the
organization.
◉ What is a necessary component of an ethical corporate culture?
Answer: an ethics program
◉ What is the definition of an ethics audit?
Answer: An investigation into the ethical climate of the firm
◉ Describe leader-follower congruence.
Answer: The ability to identify and work with the leader to achieve
common ethical objectives
, ◉ Which of the following information does an ethics audit try to
collect?
Answer: employees' perception of the firm's ethical culture
◉ When might a zero-sum conflict approach be necessary?
Answer: When compromise would break a law.
◉ What do zero-sum leaders believe?
Answer: There always has to be a winner and a loser in a conflict
situation.
◉ Why is the mixed-motive conflict management style considered to
be the most effective?
Answer: It bases decisions on the goals and values of the firm.
◉ Why might ethical conflicts be important to an ethical culture?
Answer: Ethical conflicts can be used to identify ethical issues.
◉ What is a downside to being a variable-sum leader?
Answer: They might give in to employees making unethical
decisions.
COMPLIANCE AND ETHICAL DECISION
MAKING REVIEW UPDATED A+
◉ Why are hotlines useful in a firm?
Answer: Because they allow the caller to remain anonymous.
◉ Why is shared leadership important?
Answer: It establishes checks and balances on every member of the
organization.
◉ What is a necessary component of an ethical corporate culture?
Answer: an ethics program
◉ What is the definition of an ethics audit?
Answer: An investigation into the ethical climate of the firm
◉ Describe leader-follower congruence.
Answer: The ability to identify and work with the leader to achieve
common ethical objectives
, ◉ Which of the following information does an ethics audit try to
collect?
Answer: employees' perception of the firm's ethical culture
◉ When might a zero-sum conflict approach be necessary?
Answer: When compromise would break a law.
◉ What do zero-sum leaders believe?
Answer: There always has to be a winner and a loser in a conflict
situation.
◉ Why is the mixed-motive conflict management style considered to
be the most effective?
Answer: It bases decisions on the goals and values of the firm.
◉ Why might ethical conflicts be important to an ethical culture?
Answer: Ethical conflicts can be used to identify ethical issues.
◉ What is a downside to being a variable-sum leader?
Answer: They might give in to employees making unethical
decisions.
