March 2012 - Ethics Awareness Month

 
Welcome to the Center for Ethics in Financial Services Ethics Awareness Quiz! Your answers will be combined with those of all participants to compute an average 'score' for each question. Be sure to print out your responses before submitting your quiz, so you can compare your answers to the average scores, which will be available in April, 2012.
1. You have lied to a family member or friend in order to avoid having to attend an event with him/her.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
2. An elderly client recently lost a significant amount of money in the market and is eager to make back what he lost. You believe that the transaction is too risky, but agree to expedite it at his request.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
3. You are taking your regular route to work and the road ahead is closed due to tree work, but the shoulder is open. To avoid being late, you scoot past the other cars, using the shoulder.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
4. Your long-term client, in a decidedly uncharacteristic decision, gifts a large amount of money to a group dedicated to the eradication of 'puppy mills'. You say nothing to his children about his decision.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
5. The wife of a client asks you for information about her husband's accounts. She tells you that he is withholding access to funds as a means of keeping her in the marriage. You believe she is telling the truth and provide her with the current account balances.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
6. To look more qualified, you claim in your resume that you have an MBA degree. In reality, you exited the program a semester before graduation.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
7. You decide to transition your lower asset clients to a junior agent in your firm to have more time to serve the needs of your high-value clients. You originally promised these clients that you would be their 'life-long' agent.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
8. In the departmental newsletter, you are given credit for using a product in an innovative new way, even though your team member developed the new method. Your boss praises you and you do not correct her mistaken belief.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
9. You become aware that your team member is violating an important company policy. Although his actions are not illegal, they are unethical. You do not report his behavior to your manager.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
10. When selling products to clients, you rely heavily on stories which have been embellished or exaggerated to better demonstrate the point you are trying to make.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
11. Your long-term client tells you he wants to change his will to increase the amount in his children's trust. He also asks you not to tell his wife, and you agree.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
12. You break a promise to attend your child's soccer scrimmage to meet with a client.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
13. One of your wealthiest clients is interested in a new high-interest annuity and you decide not to tell him about the surrender charges because he will never need to take withdrawals.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
14. You feign membership in a particular religious, ethnic or social group when doing so will increase your networking opportunities and chances to expand your client base.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.
15. Business is slow, so you decide to advertise financial planning services for new clients at a reduced rate. You do not plan to offer the same discount to your current clients.
Not at all concernedMinor level of concernModerate level of concernMajor level of concern
You must select one choice.