Financial Ethics
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Financial ethics are often overlooked. That is unfortunate on many levels.
- 1.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
- 2.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.
- 3.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.
- 4.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
- 5.Ethical systems (better examples and reduced systemic conflicts) have been shown to reduce unethical behavior
- A.
True
- B.
False
- 6.Which of the video speakers in the helpified tool-set focuses more on the legal reasons for being ethical?D
- A.
Dr. Julius Coles
- B.
Frank Buccaro (importance of Ethics in Business)
- C.
Dr. Freeman of the Darden school
- D.
Michael Jensen
- 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
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