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Review the questions below. The correct answer to each question is highlighted in green. Click the question link to return to the relevant section of the study text.
1
Which of the following is the foundation of ethics for the financial services agent?
A
The Golden Rule
B
The legal system
C
Force
D
Compliance requirements
2
What makes a system of ethics essential?
A
A limited supply of goods
B
Because individuals exist in society
C
Its fairness
D
It is the only method to adjudicate disputes
3
The following is a fundamental method of resolving disputes.
A
Reason
B
Force
C
Both A and B
D
Neither A nor B
4
What is the common thread in unethical sales practices?
A
The practices were illegal
B
They misled the customer
C
They led to the customer’s monetary loss
D
They were forbidden by all insurers
5
Which of the following is NOT a necessary component of a profession?
A
Specialized knowledge
B
“Service before income” outlook
C
Opportunity for substantial income
D
A code of professional ethics
Next → Chapter 4