ETHICS 311 QUESTIONS WITH VERIFIED ANSWERS
Correct 21
Incorrect 00
1 of 21
Term
Unselfish concern for the welfare of others is referred to as
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humanism egoism
hedonism altruism
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2 of 21
Term
,Burt's young son belongs to a scouting organization. A father of a
fellow scout has volunteered to be the group's treasurer. Burt, as a
bond underwriter, knows from an application he had rejected that the
other father had been in trouble for embezzlement, but Burt's
employer has a policy against disclosing publicly that which is learned
in the course of underwriting. Burt is contemplating whether he should
reveal to the scouts that which he knows. His dilemma could probably
be resolved by
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Oliver still has significant duties to the public and primary insurer policyholders.
TRUE
Analysis of who will be helped and who will be hurt by the decision.
Situation-based thinking analyzes potential outcomes of possible decisions given
the circumstances. It considers who will benefit from and who will be hurt by a
decision, and the extent of the ramifications of potential outcomes.
Analyzing whether any laws, regulations, or standards apply to the situation.
Rules-Based decision making
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3 of 21
, Term
The ability to apply knowledge to risk and insurance circumstances is
acquired through
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a strong desire to make large professional training and job
commissions experience
memorization of insurance policy
a high iq and natural intelligence
clauses
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4 of 21
Term
Insurance rating systems discourage social responsibility. True or False
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False
While it is correct that Josh has a
responsibility to his clients, he also professional judgement
has responsibilities to insurers and the
public as a whole.
Correct 21
Incorrect 00
1 of 21
Term
Unselfish concern for the welfare of others is referred to as
Give this one a try later!
humanism egoism
hedonism altruism
Don't know?
2 of 21
Term
,Burt's young son belongs to a scouting organization. A father of a
fellow scout has volunteered to be the group's treasurer. Burt, as a
bond underwriter, knows from an application he had rejected that the
other father had been in trouble for embezzlement, but Burt's
employer has a policy against disclosing publicly that which is learned
in the course of underwriting. Burt is contemplating whether he should
reveal to the scouts that which he knows. His dilemma could probably
be resolved by
Give this one a try later!
Oliver still has significant duties to the public and primary insurer policyholders.
TRUE
Analysis of who will be helped and who will be hurt by the decision.
Situation-based thinking analyzes potential outcomes of possible decisions given
the circumstances. It considers who will benefit from and who will be hurt by a
decision, and the extent of the ramifications of potential outcomes.
Analyzing whether any laws, regulations, or standards apply to the situation.
Rules-Based decision making
Don't know?
3 of 21
, Term
The ability to apply knowledge to risk and insurance circumstances is
acquired through
Give this one a try later!
a strong desire to make large professional training and job
commissions experience
memorization of insurance policy
a high iq and natural intelligence
clauses
Don't know?
4 of 21
Term
Insurance rating systems discourage social responsibility. True or False
Give this one a try later!
False
While it is correct that Josh has a
responsibility to his clients, he also professional judgement
has responsibilities to insurers and the
public as a whole.
