CFI /
CBCA
/ /
Professional
/ /
Ethics Exam Questions With Correct Answers
/ // // // // //
Course //Introduction //
Ethics //need //to //be //understood, //thought //about, //and //embraced. //- //correct //answer(s) //✔✔ //-
What //to //do //when //you //are //faced //with //an //ethical //dilemma? //
-How //to //respond //and //maintain //your //own //ethical //integrity?
Learning //Objectives //- //correct //answer(s) //✔✔ //-
Explain //why //ethics //matter //within //an //organization //
-Describe //the //elements //of //business //ethics //
-Understanding //the //ethical //culture //of //an //organization //-
Apply //professional //ethics //and //the //moral //principles //of //integrity //
-Apply //approaches //to //ethical //decision //making //
-Utilize //sources //of //ethical //guidance
Why //Ethics //Matter //- //correct //answer(s) //✔✔ //Recent //Public //Lapses //in //Ethical //Standards
Six //companies //that //have //had //ethical //lapses:
-Theranos
-WeWork
-Boeing
-Volkswagon
-BP
,-Wells //Fargo
For /
/each /
/of /
/the /
/organizations //listed, //research //what //the //ethical //lapse //was //and //what //the //resultant //impact
//was //on //the //company. //
• //How //was //the //ethical //lapse //discovered? //
• //What //was //the //impact //of //that //lapse //on //the //company?
Theranos //and //WeWork //- //correct //answer(s) //✔✔ //-Charismatic //but //unethical //leaders //
-Unicorn //companies //
-Have //a //valuation //of //over //$1BN //during //startup
Theranos /
/answers //- /
/correct //answer(s) //✔✔ //• //The //claims //made //that //the //blood //tests //worked //were //false. //
• //Thousands //of //blood //tests //were //inaccurate //and //some //cost //people //their //lives. //
• //Whistleblower //went //to //press. //
• //Theranos //was //dissolved //in //September //2018, //and //the //lawsuits //continue.
WeWork //answers //- //correct //answer(s) //✔✔ //• //Falsely //inflated //company //value. //
• //CEO //self-dealt //in //a //number //of //different //areas. //
• //Collapse //of //IPO. //
•/
/CEO //was //fired //and //the //company //has //been //trying //to //recover //its //reputation //and //financial
//stability.
,Beoing /
/answers //- /
/correct /
/answer(s) /
/✔✔ //
• //Two //Boeing //MAX //737 //crashes //prompted //full //Federal //Aviation //Authority //investigation. //
• //Leaked //incriminating //documents //showed //that //the //MAX //was //known //to //be //unsafe. //
• //However, //Boeing //chose //profitability //over //safety //and //put //a //poorly-
designed, //unsafe //airplane //into //service. //
• //Stock //price //took //a //sharp //decline //and //may //never //recover.
BP /
/answers //- //correct //answer(s) //✔✔ //• //In //2005, //an //oil //refinery //explosion //caused //one //of //the
//principal /
/investigators /
/to //write //a //book //("Failure //to //Learn") //about //the //lack //of //safety //culture //over //profits. //
•/
/In /
/2010, /
/Deepwater /
/Horizon /
/offshore /
/oil /
/rig //explosion //killed //11 //workers //and //destroyed //a //significant //portion //of //the //Gulf //Coast. //
• //Stock //price //took //a //sharp //decline. //Paid //billions //in //legal //costs //and //fines.
Volkswagon /
/answers //- /
/correct /
/answer(s) /
/✔✔ //• //European //car //manufacturer //that //wanted //to //enter //the //North //American //market. //
•/
/Installed //
, a/
/software //chip //into //cars //to //cheat //emissions //tests //and //advertised //cars //as //"clean //diesel." //
•/
/Accidentally /
/discovered /
/by //research //students //trying //to //replicate //tests, //and //an //insider //revealed //the //reason.
•/
/Paid /
/over /
/$30BN //in //fines //& //legal //fees, //and //many //of //their //executives //have //received //jail //sentences.
Wells /
/Fargo /
/answers //- //correct //answer(s) //✔✔ //• //US //retail //bank //with //an //aggressive //sales //culture //
•/
/Defrauded /
/their /
/customers /
/by /
/selling /
/unwanted /
/credit /
/card /
/accounts, /
/opening /
/unauthorized /
/accounts, /
/transferring /
/funds /
/from /
/good /
/accounts //to //bad/unauthorized //accounts, //and //making //unauthorized //credit //inquiries. //
•/
/Complaints /
/to /
CBCA
/ /
Professional
/ /
Ethics Exam Questions With Correct Answers
/ // // // // //
Course //Introduction //
Ethics //need //to //be //understood, //thought //about, //and //embraced. //- //correct //answer(s) //✔✔ //-
What //to //do //when //you //are //faced //with //an //ethical //dilemma? //
-How //to //respond //and //maintain //your //own //ethical //integrity?
Learning //Objectives //- //correct //answer(s) //✔✔ //-
Explain //why //ethics //matter //within //an //organization //
-Describe //the //elements //of //business //ethics //
-Understanding //the //ethical //culture //of //an //organization //-
Apply //professional //ethics //and //the //moral //principles //of //integrity //
-Apply //approaches //to //ethical //decision //making //
-Utilize //sources //of //ethical //guidance
Why //Ethics //Matter //- //correct //answer(s) //✔✔ //Recent //Public //Lapses //in //Ethical //Standards
Six //companies //that //have //had //ethical //lapses:
-Theranos
-WeWork
-Boeing
-Volkswagon
-BP
,-Wells //Fargo
For /
/each /
/of /
/the /
/organizations //listed, //research //what //the //ethical //lapse //was //and //what //the //resultant //impact
//was //on //the //company. //
• //How //was //the //ethical //lapse //discovered? //
• //What //was //the //impact //of //that //lapse //on //the //company?
Theranos //and //WeWork //- //correct //answer(s) //✔✔ //-Charismatic //but //unethical //leaders //
-Unicorn //companies //
-Have //a //valuation //of //over //$1BN //during //startup
Theranos /
/answers //- /
/correct //answer(s) //✔✔ //• //The //claims //made //that //the //blood //tests //worked //were //false. //
• //Thousands //of //blood //tests //were //inaccurate //and //some //cost //people //their //lives. //
• //Whistleblower //went //to //press. //
• //Theranos //was //dissolved //in //September //2018, //and //the //lawsuits //continue.
WeWork //answers //- //correct //answer(s) //✔✔ //• //Falsely //inflated //company //value. //
• //CEO //self-dealt //in //a //number //of //different //areas. //
• //Collapse //of //IPO. //
•/
/CEO //was //fired //and //the //company //has //been //trying //to //recover //its //reputation //and //financial
//stability.
,Beoing /
/answers //- /
/correct /
/answer(s) /
/✔✔ //
• //Two //Boeing //MAX //737 //crashes //prompted //full //Federal //Aviation //Authority //investigation. //
• //Leaked //incriminating //documents //showed //that //the //MAX //was //known //to //be //unsafe. //
• //However, //Boeing //chose //profitability //over //safety //and //put //a //poorly-
designed, //unsafe //airplane //into //service. //
• //Stock //price //took //a //sharp //decline //and //may //never //recover.
BP /
/answers //- //correct //answer(s) //✔✔ //• //In //2005, //an //oil //refinery //explosion //caused //one //of //the
//principal /
/investigators /
/to //write //a //book //("Failure //to //Learn") //about //the //lack //of //safety //culture //over //profits. //
•/
/In /
/2010, /
/Deepwater /
/Horizon /
/offshore /
/oil /
/rig //explosion //killed //11 //workers //and //destroyed //a //significant //portion //of //the //Gulf //Coast. //
• //Stock //price //took //a //sharp //decline. //Paid //billions //in //legal //costs //and //fines.
Volkswagon /
/answers //- /
/correct /
/answer(s) /
/✔✔ //• //European //car //manufacturer //that //wanted //to //enter //the //North //American //market. //
•/
/Installed //
, a/
/software //chip //into //cars //to //cheat //emissions //tests //and //advertised //cars //as //"clean //diesel." //
•/
/Accidentally /
/discovered /
/by //research //students //trying //to //replicate //tests, //and //an //insider //revealed //the //reason.
•/
/Paid /
/over /
/$30BN //in //fines //& //legal //fees, //and //many //of //their //executives //have //received //jail //sentences.
Wells /
/Fargo /
/answers //- //correct //answer(s) //✔✔ //• //US //retail //bank //with //an //aggressive //sales //culture //
•/
/Defrauded /
/their /
/customers /
/by /
/selling /
/unwanted /
/credit /
/card /
/accounts, /
/opening /
/unauthorized /
/accounts, /
/transferring /
/funds /
/from /
/good /
/accounts //to //bad/unauthorized //accounts, //and //making //unauthorized //credit //inquiries. //
•/
/Complaints /
/to /
