CFI CBCA PROFESSIONAL ETHICS
2024/2025 MOST RECENT UPDATE
[MOST TESTED QUESTIONS] COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
CERTIFIED STUDY GUIDE RESOURCES GET IT
RIGHT GRADE A+
ETHICS;
Ethics need to be understood, thought about, and
embraced. - (correct answer) -What to do when you
are faced with an ethical dilemma?
-How to respond and maintain your own ethical
integrity?
Learning Objectives - (correct answer) -Explain why
ethics matter within an organization
-Describe the elements of business ethics
,-Understanding the ethical culture of an organization -
Apply professional ethics and the moral principles of
integrity
-Apply approaches to ethical decision making
-Utilize sources of ethical guidance
Why Ethics Matter - (correct answer) Recent Public
Lapses in Ethical Standards
Six companies that have had ethical lapses:
-Theranos
-WeWork
-Boeing
-Volkswagon
-BP
-Wells Fargo
For each of the organizations listed, research what the
ethical lapse was and what the resultant impact was on
the company.
• How was the ethical lapse discovered?
• What was the impact of that lapse on the company?
,Theranos and WeWork - (correct answer) -
Charismatic but unethical leaders
-Unicorn companies
-Have a valuation of over $1BN during startup
Theranos answers - (correct answer) • The claims
made that the blood tests worked were false.
• Thousands of blood tests were inaccurate and some
cost people their lives.
• Whistleblower went to press.
• Theranos was dissolved in September 2018, and the
lawsuits continue.
WeWork answers - (correct answer) • Falsely inflated
company value.
• CEO self-dealt in a number of different areas.
• Collapse of IPO.
• CEO was fired and the company has been trying to
recover its reputation and financial stability.
, Beoing answers - (correct answer) • Two Boeing MAX
737 crashes prompted full Federal Aviation Authority
investigation.
• Leaked incriminating documents showed that the MAX
was known to be unsafe.
• However, Boeing chose profitability over safety and put
a poorly-designed, unsafe airplane into service.
• Stock price took a sharp decline and may never
recover.
BP answers - (correct answer) • In 2005, an oil
refinery explosion caused one of the principal
investigators to write a book ("Failure to Learn") about
the lack of safety culture over profits.
• In 2010, Deepwater Horizon offshore oil rig explosion
killed 11 workers and destroyed a significant portion of
the Gulf Coast.
• Stock price took a sharp decline. Paid billions in legal
costs and fines.
2024/2025 MOST RECENT UPDATE
[MOST TESTED QUESTIONS] COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS
CERTIFIED STUDY GUIDE RESOURCES GET IT
RIGHT GRADE A+
ETHICS;
Ethics need to be understood, thought about, and
embraced. - (correct answer) -What to do when you
are faced with an ethical dilemma?
-How to respond and maintain your own ethical
integrity?
Learning Objectives - (correct answer) -Explain why
ethics matter within an organization
-Describe the elements of business ethics
,-Understanding the ethical culture of an organization -
Apply professional ethics and the moral principles of
integrity
-Apply approaches to ethical decision making
-Utilize sources of ethical guidance
Why Ethics Matter - (correct answer) Recent Public
Lapses in Ethical Standards
Six companies that have had ethical lapses:
-Theranos
-WeWork
-Boeing
-Volkswagon
-BP
-Wells Fargo
For each of the organizations listed, research what the
ethical lapse was and what the resultant impact was on
the company.
• How was the ethical lapse discovered?
• What was the impact of that lapse on the company?
,Theranos and WeWork - (correct answer) -
Charismatic but unethical leaders
-Unicorn companies
-Have a valuation of over $1BN during startup
Theranos answers - (correct answer) • The claims
made that the blood tests worked were false.
• Thousands of blood tests were inaccurate and some
cost people their lives.
• Whistleblower went to press.
• Theranos was dissolved in September 2018, and the
lawsuits continue.
WeWork answers - (correct answer) • Falsely inflated
company value.
• CEO self-dealt in a number of different areas.
• Collapse of IPO.
• CEO was fired and the company has been trying to
recover its reputation and financial stability.
, Beoing answers - (correct answer) • Two Boeing MAX
737 crashes prompted full Federal Aviation Authority
investigation.
• Leaked incriminating documents showed that the MAX
was known to be unsafe.
• However, Boeing chose profitability over safety and put
a poorly-designed, unsafe airplane into service.
• Stock price took a sharp decline and may never
recover.
BP answers - (correct answer) • In 2005, an oil
refinery explosion caused one of the principal
investigators to write a book ("Failure to Learn") about
the lack of safety culture over profits.
• In 2010, Deepwater Horizon offshore oil rig explosion
killed 11 workers and destroyed a significant portion of
the Gulf Coast.
• Stock price took a sharp decline. Paid billions in legal
costs and fines.
