Financial Regulation And Ethics Quiz

10 Questions | Total Attempts: 1074

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Financial Regulation And Ethics Quiz - Quiz

Do you work in the finance department? Do you know about the terms financial regulation and financial ethics? We have a quiz based on financial ethics. Play this quiz and evaluate your knowledge of the impact of ethics on financial law. Financial ethics are often overlooked. However, ethics in finance is much more than complying with rules. These ethics includes truthfulness, honesty, integrity, justice, and fairness in every aspect of finance. Learn more about this with the quiz below.


Questions and Answers
  • 1. 
    Ethical systems (better examples and reduced systemic conflicts) have been shown to reduce unethical behavior.
    • A. 

      True

    • B. 

      False

  • 2. 
    Which of the video speakers in the helpified tool-set focuses more on the legal reasons for being ethical?
    • A. 

      Dr. Julius Coles

    • B. 

      Frank Buccaro (importance of Ethics in Business)

    • C. 

      Dr. Freeman of the Darden school

    • D. 

      Michael Jensen

  • 3. 
    Behaving ethically can _____
    • A. 

      Lower likelihood of lawsuits and criminal charges

    • B. 

      Reduce transaction costs

    • C. 

      Lead to higher market values

    • D. 

      All of the above

  • 4. 
    Which of the following is true?
    • A. 

      Holding other things constant, ethical firms should have a higher price to book value.

    • B. 

      Shareholder interests are solely dependent of short run cash flow maximization.

    • C. 

      Nice firms finish last more often than not.

    • D. 

      Buyer beware is all the ethics you will ever need.

  • 5. 
    According to the CFA guidelines, which of the following is NOT ethical
    • A. 

      Putting your own interests before the client

    • B. 

      Increasing transparency

    • C. 

      Encouraging a reduction in conflicts of interest through better systems.

    • D. 

      Continual learning and improvement for all knowledge workers.

  • 6. 
    A problem with trying to teach ethical behavior in business classes is
    • A. 

      What is ethical to one person, may be unethical to another

    • B. 

      Students often find it difficult to see themselves doing anything unethical

    • C. 

      Ethics often seen as something better left for liberal arts and religion classes

    • D. 

      All of the above

  • 7. 
    "Thou shall nots" are seen as
    • A. 

      Negative ethics

    • B. 

      Normative ethics

    • C. 

      Positive ethics

    • D. 

      The best way to deal with ethics as there are no conflicts

  • 8. 
    Which term describes the situation where a financial institution is so large that it fails, it will impact the whole economy negatively and bring about the failure of the economic system?
    • A. 

      Too small to accused

    • B. 

      Too small to fail

    • C. 

      Too big to fail

    • D. 

      Too big to succeed

  • 9. 
    Which of the following is/are parts of the CAMELS rating criteria?
    • A. 

      Asset quality

    • B. 

      Capital adequacy

    • C. 

      Earnings

    • D. 

      All of the above

  • 10. 
    Ethical banking should overlook the consciousness of banking practices that affect society and the environment.
    • A. 

      True

    • B. 

      False

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