Ethical And Professional Standards - Ethical And Professional Standards Section 1
1. Which of the following statements is most likely correct?
- A
Ethics can be described as a set of moral principles that provide guidance for our behaviour
- B
Ethical conduct is behavior that balances one’s own interest with only the direct consequences of the behavior on others
- C
Professional associations adopt a code of ethics to protect their own professional community
- Option : A
- Explanation : Statement B is incorrect because ethical conduct is behavior that balances
one’s own interest with the direct and indirect consequences of the
behavior on others. Statement C is incorrect
2. A profession can be best described as:
- Option : B
- Explanation :
A profession is a type of job that
1)requires specialized training and skills,
2) is based on service to others, and
3) is practiced by members who share and adhere to a common code of ethics.
- Option : C
- Explanation : The code of ethics cannot ensure that members of the profession will follow the law. Statements A and B are true.
4. Which one of the following statements most likely differentiates clients from customers?
- A
A client’s relationship is transactional in nature whereas a customer uses the services of a professional on an ongoing basis.
- B
A customer’s relationship is limited to small transactions whereas a client engages in relatively large transactions
- C
A customer’s relationship is transactional in nature whereas a client uses the services of a professional on an ongoing basis
- Option : C
- Explanation : Clients differ from customers. A customer is one who engages in a single or a series of transactions to buy a good or service. The relationship is transactional in nature. A client, on the other hand, uses the services of a professional for his knowledge and skills on the subject on an ongoing basis, for a fee.
5. Standards of conduct can be least likely described as:
