CPM CPM Ethics & Professional Responsibility 1

Question 1

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

Accepted Answer

Utilitarianism

Answer

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

Question 2

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

Accepted Answer

Report it to HR or the ethics hotline

Answer

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

Question 3

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

Accepted Answer

Fiduciary duty

Answer

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

Question 4

Conflict of interest in management MOST commonly arises when:

Accepted Answer

Personal interests could improperly influence professional decisions

Answer

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

Question 5

Which element is central to building an ethical organizational culture?

Accepted Answer

Tone at the top from senior leadership

Answer

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

(CPM) Certified Professional Manager Practice Test

(CPM) Certified Professional Manager Practice Test

CPM CPM Ethics & Professional Responsibility 1