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Ethical Behavior in the Investment Industry Quiz

15 Questions

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Ethical Behavior in the Investment Industry Quiz

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Questions and Answers

What is a critical ingredient in making principled choices and engaging in appropriate conduct?

Laws and regulations

Codes of ethics

Professional standards

Individual judgment (correct)

How can trust in the investment industry be increased?

By increasing regulations and laws

By imposing penalties on unethical actions

By integrating ethics into decision-making activities (correct)

By enforcing codes of ethics more strictly

What is the single most important factor in promoting ethical behavior among a firm’s employees?

Enforcement of codes of ethics

Professional standards

Strict regulations

Senior management's leadership (correct)

What is a critical first step in promoting ethical behavior within a firm?

Adopting a clear code of ethics Signup and view all the answers

What does the text suggest about the role of individual judgment in ethical behavior?

It is a critical ingredient Signup and view all the answers

How can investment professionals bring the principles of a code of ethics to life?

By relating an ethical decision-making framework to the code of ethics Signup and view all the answers

What is insufficient despite being necessary for promoting ethical behavior within a firm?

A code of ethics Signup and view all the answers

What is necessary for fundamentally ethical people to make good decisions?

Exercising ethical decision-making skills Signup and view all the answers

How does the text compare the development of ethical decision-making skills to physical training?

Coaching and practice transform natural ability into technique and endurance Signup and view all the answers

What does the text suggest is good for business, individuals, and society as a whole?

Engaging in the investment management profession in a highly ethical manner Signup and view all the answers

What does a strong ethical culture, built on a defined set of principles, help honest, ethical people to do?

Engage in ethical behavior Signup and view all the answers

What is necessary to confront hard issues effectively, according to the text?

Teaching, reinforcing, and practicing ethical decision-making skills Signup and view all the answers

What is the text's view on the impact of engaging in the investment management profession in a highly ethical manner?

It fosters the trust of investors and benefits society Signup and view all the answers

What is the primary focus of the text in relation to ethical decision-making skills?

Developing the muscle memory necessary for making good decisions Signup and view all the answers

What is the ultimate reason given in the text for the importance of ethics?

To foster the trust of investors, lead to robust global financial markets, and ultimately benefit society Signup and view all the answers