Which of the following describes a 'situational influence'?
Explanation
Situational influences are external factors like peer pressure or rewards that impact behavior.
Other questions
Which of the following best defines ethics in the context of professional behavior?
Who are considered stakeholders in the context of ethical conduct for investment professionals?
What is a primary function of a code of ethics?
Which of the following is a characteristic that defines a profession?
How do professions primarily establish trust with the public?
Why is trust particularly important in the investment management profession compared to other businesses?
What is a potential societal consequence of unethical behavior in the financial services industry?
Which standard requires financial professionals to match client return requirements and risk tolerances with the characteristics of recommended securities?
How does a fiduciary standard differ from a suitability standard?
Which internal trait is identified as a challenge to ethical behavior?
Which factor is claimed to be a more important determinant of ethical behavior than internal traits?
What is a common result of a firm culture focused strictly on rules-based compliance?
How do ethical principles generally compare to laws and regulations?
Which of the following is an example of an action that might be illegal but considered ethical by some?
What is the first step in the ethical decision-making framework presented in the curriculum?
In which step of the ethical decision-making framework would one consider situational influences and additional guidance?
Why is the 'Reflect' step important in the ethical decision-making framework?
What is a primary benefit of integrating ethics into a firm's decision-making process?
Which of the following best describes the relationship between new laws and unethical behavior?
What distinguishes a profession from a general occupation?
Which of the following is a way professions establish trust?
In the context of investment management, why does the misallocation of capital harm society?
Which situational influence is described as causing individuals to act in unethical ways due to a desire to please an employer or coworkers?
What is 'whistle-blowing' an example of in the context of ethics and law?
Which legislation followed the accounting scandals at Enron and WorldCom?
What is a recommended source of guidance in the 'Consider' step of the ethical decision-making framework?
Which characteristic is NOT typically listed as part of a profession?
What type of product do investment professionals provide?
What is the role of a regulatory body in a profession?
Identifying potential conflicts of interest occurs in which step of the ethical decision-making framework?
Why might recommending an investment in a relative's firm without disclosure be considered unethical?
Which legislation followed the 2008 financial crisis?
What is one way senior management can support an ethical culture?
What does the 'Identify' step of the ethical framework involve regarding duties?
Which action helps in developing alternatives during the 'Consider' step?
When the allocation of investment capital is constrained or inefficient due to unethical behavior, who suffers negative consequences?
What is meant by 'ethical conduct' in terms of balancing interests?
Why might 'money' or 'prestige' cause unethical behavior?
What is a potential negative outcome of a compliance culture that focuses only on what one 'can' do?
What defines a 'systemic' failure in the context of investment ethics?
Which of the following is NOT a step in the ethical decision-making framework?
How does the curriculum describe the relationship between legal and ethical standards?
What happens to the cost of capital when investors lack trust in financial advisors?
What is the primary goal of the 'Decide and Act' step?
Which of the following would be considered 'additional guidance' in the 'Consider' step?
Why should decision makers identify personal biases in the 'Consider' step?
What does a 'fiduciary standard' typically require regarding client interests?
Which of the following is an example of an intangible product in investment management?
What is the ultimate benefit of professions establishing trust?