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Ethics 311 test questions and answers.
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Ethics 311 test questions and answers.
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Ethics 311 testquestions and
answers
What is the foundation of ethical behavior?
Morals, laws, and one's sense of ethics
Ethical behavior requires
more than just understanding the difference
between right and wrong. It describes how we are
expected to approach the numerous decisions we
are faced with every day.
Which one of the following could create an ethical
issue?
placing insurance with the insurer paying the
highest commission
The ability to apply knowledge to risk and
insurance circumstances is acquired through
professional training and job experience
, An insurance professional is responsible for his or
her thoughts, decisions, and actions. Knowledge,
skill, and expertise guide decisions and ensure
that the insurance professional uses his or her
professional judgement
Unselfish concern for the welfare of others is
referred to as
altruism
Insurance rating systems discourage social
responsibility. True or False
FALSE
In general, organizations and individuals who
demonstrate high ethical values are more
successful over the long term. True or False
TRUE
Penny is in the marketing department at Insurance
Company. Which one of the following is an
important truth for her to know?
Organizations that focus on short-term profits and
fail to adhere to high ethical standards often do so
at the expense of their long-term success.
All of the following are factors insurance
professionals must balance with their
responsibility to insurers, EXCEPT:
Customers' needs for a fair price
Insurance professionals' need to maximize
personal income
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