Ethics Flashcards
code of conduct and professionalism
What does RICS stand for?
Royal Institution of Chartered Surveyors
True or False: The RICS Code of Conduct applies only to members of RICS.
True
Fill in the blank: The RICS Code of Conduct sets out the _______ and standards of professional conduct.
principles
What is the primary aim of the RICS Code of Conduct?
To promote and maintain the highest standards of integrity and professionalism.
What must RICS members do if they face a conflict of interest?
They must disclose it and manage it appropriately.
True or False: RICS members are required to maintain their professional competence.
True
Fill in the blank: RICS members must provide a _______ service to their clients.
reliable
What does professionalism in the context of RICS involve?
Adhering to ethical standards and demonstrating competence in practice.
Multiple Choice: Which principle emphasizes the importance of honesty in RICS professional conduct? A) Professionalism B) Integrity C) Accountability D) Respect
B) Integrity
What is required of RICS members regarding their fees?
They must ensure that their fees are transparent and reasonable.
Fill in the blank: RICS members should promote _______ in their dealings with clients and colleagues.
fairness
What is the role of the RICS disciplinary process?
To investigate breaches of the Code of Conduct and enforce compliance.
What should RICS members do to ensure compliance with the Code of Conduct?
Regularly review and update their knowledge of the Code and its requirements.
Fill in the blank: RICS members must act in the _______ of their clients.
best interest
What does ‘accountability’ mean in the context of RICS professional conduct?
Being responsible for one’s actions and decisions in a professional context.
What is the significance of the RICS Code of Conduct for public trust?
It helps to build and maintain public confidence in the profession.
True or False: RICS members can accept gifts from clients without restrictions.
False
Fill in the blank: RICS members are expected to communicate with _______ and clarity.
honesty
What is the consequence of failing to adhere to the RICS Code of Conduct?
Disciplinary action which may include suspension or expulsion from RICS.
Multiple Choice: Which of the following is a principle of professionalism according to RICS? A) Client loyalty B) Continuous improvement C) Competitive advantage D) Self-promotion
B) Continuous improvement
What is the primary purpose of the Bribery Act 2010?
To prevent bribery and corruption in business and government.
How many principles are outlined in the Bribery Act 2010?
Six principles.
True or False: One of the principles of the Bribery Act is proportionality.
True.
What does the principle of proportionality refer to in the Bribery Act 2010?
The response to bribery should be appropriate to the level of risk.
Fill in the blank: The Bribery Act 2010 emphasizes the importance of _____ in preventing bribery.
leadership.
What is meant by the principle of ‘risk assessment’ in the Bribery Act 2010?
Organizations must assess their exposure to bribery risks.
Which principle of the Bribery Act focuses on maintaining a culture of integrity?
Culture.
True or False: Transparency is one of the six principles of the Bribery Act 2010.
True.
What does the principle of transparency entail?
Ensuring that anti-bribery policies and procedures are clear and accessible.
List one of the six principles of the Bribery Act 2010.
Proportionality, leadership, risk assessment, culture, transparency, and monitoring.
Which principle emphasizes the need for ongoing evaluation and improvement of anti-bribery measures?
Monitoring.
What is the role of leadership according to the Bribery Act 2010 principles?
To promote an anti-bribery culture and set a good example.
True or False: All organizations are required to follow the six principles of the Bribery Act 2010.
False. They are encouraged to follow them based on their size and risk.
What does the principle of culture refer to in the context of the Bribery Act 2010?
Creating an environment where bribery is not tolerated.
Fill in the blank: The Bribery Act 2010 encourages organizations to establish _____ policies.
anti-bribery.
Which principle of the Bribery Act involves regular reviews of bribery risks?
Monitoring.
What should organizations do as part of the risk assessment principle?
Identify and evaluate potential bribery risks.
True or False: The Bribery Act 2010 does not require any documentation of anti-bribery measures.
False.
How does the Bribery Act 2010 suggest organizations communicate their anti-bribery policies?
Through training and accessible documentation.
Which principle requires that anti-bribery policies are suitable for the organization’s size and complexity?
Proportionality.
Fill in the blank: The Bribery Act 2010 promotes a _____ approach to bribery prevention.
risk-based.
What is the relationship between transparency and accountability in the Bribery Act 2010?
Transparency fosters accountability in anti-bribery practices.
List two outcomes organizations should aim for under the monitoring principle.
Improved anti-bribery measures and compliance with the law.
What is the significance of establishing a culture of integrity according to the Bribery Act 2010?
It helps prevent bribery and promotes ethical behavior.
What is the primary objective of the Bribery Act 2010?
To combat bribery and corruption in both public and private sectors.
True or False: The Bribery Act 2010 applies only to acts of bribery committed within the UK.
False
Fill in the blank: The Bribery Act 2010 defines bribery as offering, promising, or giving a ______ to another person.
financial or other advantage
Which of the following is NOT a principle of the Bribery Act 2010? (A) Proportionality (B) Transparency (C) Integrity (D) Accountability
B) Transparency
What are the two main types of bribery offenses under the Bribery Act 2010?
Bribery of another person and bribery of a foreign public official.
What are the RICS rules of conduct?
RULE 1 - Members and firms MUST be honest and act with integrity.
RULE 2 - Members and firms MUST maintain their professional competence and ensure that services are provided by competent individuals.
RULE 3 - Members and firms MUST provide a good quality and diligent service.
RULE 4 - Members and firms MUST treat other with respect and encourage diversity and inclusion.
RULE 5 - Members of firms MUST act in the public interest tans take responsibility for their actions.
