QUESTION 1

1. Management of a troubled company decides to liquidate assets in order to make interest payments to bondholders. While necessary to stave off bankruptcy, which stakeholder may negatively view this action?

	a.	environment
	b.	employees
	c.	bondholders
	d.	shareholders

QUESTION 2

1. Shifting factories abroad to reduce employee costs negatively affects which of the following stakeholders:

	a.	shareholders
	b.	customers
	c.	bondholders
	d.	communities where factories currently reside

QUESTION 3

1. The CFP Board has a code a "Code of Ethics and Professional Responsibility" for financial planners to uphold based which of the following pillars:

	a.	confidentiality
	b.	all of the above
	c.	fairness
	d.	diligence

QUESTION 4

1. The decision to move a corporate domicile abroad in an effort to reduce tax burden will benefit which of the following stakeholders?

	a.	shareholders
	b.	government
	c.	competitors
	d.	all of the above

QUESTION 5

1. Which of the following approaches to ethics is governed by one's own sense of morality?

	a.	Universal rules
	b.	Character based
	c.	Social norms
	d.	Outcome based

QUESTION 6

1. Which of the following approaches to ethics is most likely to result in differences from one culture to another?

	a.	Universal rules
	b.	Social norms
	c.	Outcome based
	d.	Character based

QUESTION 7

1. Which of the following approaches to ethics is most likely to shift due to changing attitudes over time?

	a.	Outcome based
	b.	Universal rules
	c.	Social norms
	d.	Character based