BPP Quiz Flashcards
The branch of ethics that consider the content of moral judgment and the criteria for what is right or wrong is
= Normative ethics
Moral absolutism
There are some moral rules that are always true and apply to everyone
People have a duty to do the right thing even if it produced a bad result, is a key concept of
= Deontological theories of ethics
Professional body rules based code of conduct
Shares the high level principles that underlie the profession
The chartered banker code of Professional Conduct sets out ethical and professional value and behaviours expected of
Bankers by the Chartered Professional Standards Board
The Banking Standards Board (BSB) has how many principles for strengthening professionalism?
= 6
What type of code of conduct focuses on the spirit of the law or rules instead of specific rules?
= principles based only on
The charted banker code of professional conduct has how many principles?
= 7
Principle 3 of the charted banker code of professional conduct is ‘ being open and cooperative with regulators’. What are the key underlying values in this principle?
Openness and compliance
Principle 4 of the Charted banker code of professional code is ‘Paying due regard to the interest of customer and treating them fairly’. What are the key underlying principles?
= Regard and fairness
what is right or wrong is what the majority of people in a particular culture or society would agree and related to a particular place and time
Moral relativism
Utilitarianism
About maximums human well being
Ethically right choice in a given situation is the one that produces the most happiness and least unhappiness for the largest number of people.
Business and ethical values are typically expressed in
An ethics policy and code of ethics
Rest (1994) present a theory of what determines moral behaviour in his four component model
Moral fairness
Kidder 2009 - suggested a checkpoint model
9 points
