CPM Ethics & Professional Responsibility Flashcards

Which ethical framework focuses on the greatest good for the greatest number of people?

Answer: Utilitarianism

Utilitarianism evaluates actions based on their outcomes and seeks to maximize overall benefit for the largest number of stakeholders.

A CPM manager discovers a colleague is falsifying expense reports. The FIRST appropriate action is to:

Answer: Report it to HR or the ethics hotline

Professional responsibility requires reporting misconduct through proper channels such as HR or an ethics hotline to protect organizational integrity.

Which principle requires managers to act in the best interest of the organization and its stakeholders rather than personal gain?

Answer: Fiduciary duty

Fiduciary duty obligates managers to prioritize stakeholders' interests above their own personal benefit.

Conflict of interest in management MOST commonly arises when:

Answer: Personal interests could improperly influence professional decisions

A conflict of interest exists when a manager's personal interests have the potential to bias their professional judgment or decisions.

Which element is central to building an ethical organizational culture?

Answer: Tone at the top from senior leadership

Ethical culture is largely shaped by senior leadership modeling and consistently demonstrating the values they expect throughout the organization.

Whistleblower protections in the U.S. are primarily designed to:

Answer: Prevent retaliation against employees who report illegal or unethical conduct

Whistleblower protection laws shield employees from retaliation when they report violations of law or ethical standards in good faith.