Quiz Module 15

Question 1

Insider trading

Answer 1

Illegally trading on the stock exchange to your advantage by having confidential information

Question 2

Whistleblowers

Answer 2

A person who informs on a person or organization engaged in an illicit activity

Question 3

Social audit

Answer 3

A way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance

Question 4

Integrity based code

Answer 4

A code of ethics is a written statement or code of conduct regarding the values and principles of an organization that guides the members of the organization in its responsibility to all of the organizations stakeholders.

Question 5

Ethics

Answer 5

Moral principles that govern a person’s behavior or the conducting of an activity

Question 6

Corporate philanthropy

Answer 6

The act of a corporation or business promoting the welfare of others, generally via charitable donations of funds or time

Question 7

Corporate social responsibility

Answer 7

A business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders

Question 8

Conflict of interest

Answer 8

A situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity

Question 9

Compliance based code

Answer 9

Geared toward making sure employees do not break laws, such as those set by the government, and all the rules in the code are for shaping behavior for this purpose

Question 10

Fiduciary responsibility

Answer 10

The principal of the beneficiary

Question 11

Ethical dilemma

Answer 11

A complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgressing another.