Unit 6 - Professionalism And Ethics In Banking

Question 1

The branch of ethics that considers the content of moral judgements and the criteria for what is right or wrong is:

Answer 1

Normative ethics

Question 2

Moral absolutism argues that:

Answer 2

There are some moral rules that are always true and apply to everyone

Question 3

The idea that people have a duty to do the right thing, even if it produces a bad result is a key concept of:

Answer 3

Deontological theories of ethics

Question 4

A professional body’s rules based code of conduct generally:

Answer 4

Seeks to provide adequate legal defences for members conduct

Question 5

The CB: PSB Chartered Banker Code of professional conduct sets out the ethical and professional values and behaviours expected of:

Answer 5

Bankers by the chartered banker professional standards board

Question 6

The banking standards board (BSB) has, how many, principles for strengthening professionalism?

Answer 6

6

Question 7

What type of code of conduct focuses on the “spirit” of the law or rule instead of specific rules?

Answer 7

Principle based only

Question 8

The chartered banker code of professional conduct has how many principles?

Answer 8

7

Question 9

Principle 3 of the chartered banker code of professional conduct is “being open & co-operative with regulators”. What are they key underlying values in this principle?

Answer 9

Openness and compliance

Question 10

Principle 4 of the chartered banker code of professional conduct is “paying due regard to the interests of customers and treating them fairly” what are they key underlying principles?

Answer 10

Regard and fairness

Question 11

What branch of ethics states “that what is right or wrong is what the majority of people in a particular culture or society would agree was right or wrong, and is related to a particular place and time”?

Answer 11

Moral relativism

Question 12

Principle 5 of the chartered banker code of professional conduct is “observing and demonstrating proper standards of market conduct at all times” what are they key underlying principles?

Answer 12

Compliance and integrity

Question 13

Utilitarianism is:

Answer 13

About maximising human well being, and that the ethically right choice in a given situation is the one that produces the most happiness and the least unhappiness for the largest number of people

Question 14

According to kidder, complex ethical dilemmas fall into four different types of conflict. What is not an example of this?
Truth vs loyalty
Individual vs community
Short term vs long term
Duty vs responsibility

Answer 14

Duty vs responsibility

Question 15

An organisations business and ethical values are typically expressed in what documents?

Answer 15

An ethics policy and code of ethics

Question 16

Rest 1994 presents a theory of what determines moral behaviour in his 4 component model: four physiological components determining moral behaviour. What is not one of these components?
Moral sensitivity
Moral character
Moral judgment
Moral fairness

Answer 16

Moral fairness

Question 17

Kidder 2009 suggested a checkpoint model for making an ethical decision, ethical decision making framework. How many points are there to the checklist?

Answer 17

9

Question 18

One aspect of environmental ethics is sustainability. The concept of sustainability comprises of 3 pillars

Answer 18

Economic
Social
Environmental

Question 19

Chartered banker institute provides a platform for members to air professional concerns and receive signposting support about workplace issues. It is know as:

Answer 19

Speak out