Question

True or False

1.Ethics involves the rules, values, standards and principles that guide our actions in day-to-day issues.

2.Ethics is a derivitive of the Greek words ethikos (moral) and ethos (character).

3.Ethics may be approached from at least three points of view.

4.Every individual is a product of their past.

5.Ethics is what people believe in, Values are what people do.

6.Honesty is an ethical pillar of insurance.

7.There are many situations which may be legal, but are not necessarily ethical.

8.The Platinum rule states "do unto others as you would have them do unto you".

9.Statistics show that one out of ten employees in the insurance industry is aware of at least one ethical violation over the past two years

10.One of the ethical pillars of insurance is trust.

Answer 1

1. The answer is true. Ethics involves moral values and principles that guide our actions in day-to-day issues by differing wrong and right, good and bad.

2. The answer is true. Ethics word comes from Ancient Greek words ethikos and ethos.

3. The answer is true. Ethics can be approached from more than three points of view such as principles, outcome, virtue/character, integrity and moral sentiment.

4. The answer is true. Each individual acts, speaks, behaves based on his/her past experiences.