Question 1 (20marks)

LO2: Assess the impacts of cognitive, judgement and decision biases on financial advisers and their clients.

Define the following two (2) barriers to ethical decision making, and include brief examples of how these barriers or biases could adversely affect a financial adviser's decision making when providing financial advice:

(a) partisanship (10 marks)

(b) slippery slope. (10 marks)

Criteria-Based Marking Guide for Question 1(a)-(b)

Excellent(Mark range: 15-20 marks)	Satisfactory(Mark range: 10-14.5 marks)	Unsatisfactory(Mark range: 0-9.5 marks)
a comprehensive definition of partisanship with brief examples of how this bias could adversely impact on ethical decision making (whenproviding financial advice) a comprehensive definition ofthe slippery slopeblind spot with brief examples of how this could adversely impact onethical decision making (when providing financial advice) evidence of relevant, independentsupporting research	adequately defines partisanship with a brief example of how this bias could adversely impact on ethical decision making (when providing financial advice) adequately definesthe slippery slopeblind spot with a brief example of how this could adversely impact onethical decision making (when providing financial advice) some evidence of supporting research	does not adequately define partisanship and does not include a brief example of how this bias could adversely impact on ethical decision making (when providing financial advice) does not adequately definethe slipperyslopeblind spot and does not include a brief example of how this could adversely impact onethical decision making (when providing financial advice) little or no evidence of supporting research