COMP-XM CORE CONCEPTS PRACTICE EXAM: MARKETING, FINANCE, PRODUCTION &
ETHICS
COMP-XM PRACTICE QUIZ: QUESTIONS AND ANSWERS
ETHICS & TEAM DYNAMICS
QUESTION 1:
YOU ARE THE LEAD TEAM MEMBER OF A WARRANTY CLAIM TEAM WITHIN THE ANDREWS COMPANY. YOUR
TEAM HAS HAD AN AVERAGE YEAR, WITH PROFITS REMAINING GENERALLY FLAT. IN AN EFFORT TO BOOST
PROFITS FOR THE YEAR, YOUR MANAGER SUGGESTS YOU POSTPONE PROCESSING ANY EXISTING CLAIMS IN
THE 4TH QUARTER UNTIL THE NEW FISCAL YEAR (SOME CLAIMS ARE AS HIGH AS $150,000). WHICH OF THE
FOLLOWING RESPONSES WOULD BE THE MOST APPROPRIATE STEP TOWARD MAKING AN ETHICAL DECISION?
• "LET'S JUST MAKE SURE WE COVER OUR TRACKS SO INTERNAL AUDIT DOESN'T GO CRAZY."
• "SINCE WE WON'T BENEFIT DIRECTLY, LET'S MOVE FORWARD WITH THIS PLAN."
• "HAVE WE DONE THIS IN THE PAST?"
• "PERHAPS WE SHOULD EXPLORE WHICH STAKEHOLDERS WOULD STAND TO WIN OR LOSE FROM SUCH
A DECISION."
QUESTION 2:
EVERY TIME YOUR COLLEAGUE FACES A DILEMMA SHE IS FOND OF SAYING, "I BELIEVE SOME PRINCIPLES
CAN'T BE SACRIFICED FOR ANYTHING." SHE CLEARLY FAVORS WHICH FORM OF ETHICAL GUIDANCE?
, • UTILITARIANISM
• UNIVERSALISM
• SITUATIONAL ETHICS
• VIRTUE ETHICS
QUESTION 3:
ALL OF YOUR TEAMMATES ARE DEDICATED TO THE PROJECT. HOWEVER, THIS TIME AND EFFORT DOES NOT
SEEM TO TRANSLATE INTO EFFECTIVELY SHARING INFORMATION. WHICH OF THE FOLLOWING ACTIONS IS
MOST LIKELY TO IMPROVE YOUR TEAM'S INFORMATION SHARING?
• MAKE DISCUSSIONS DURING TEAM MEETINGS MORE FREE-FORM.
• SCHEDULE MORE VIRTUAL TEAM MEETINGS.
• SHARE LESS INFORMATION ABOUT EACH OTHER'S ASSIGNMENTS.
• STRUCTURE TEAM DISCUSSIONS TO FOCUS ON A SMALLER SET OF KEY ISSUES.
QUESTION 4:
ONE OF YOUR TEAM MEMBERS, TED, HAS NOT BEEN ACCOMPLISHING HIS FAIR SHARE OF THE WORK. WHICH
OF THE FOLLOWING ACTIONS WOULD BE MOST EFFECTIVE TO GET TED TO DO HIS FAIR SHARE?
• ASK TED TO MAKE A PUBLIC COMMITMENT TO THE TEAM AT THE NEXT MEETING.
• INFORM YOUR BOSS AND ASK THAT SHE TALK WITH TED DIRECTLY.
• ASK THE MOST SENIOR TEAM MEMBER TO ADDRESS THE CONCERN WITH TED.
• EXPRESS YOUR CONCERNS DIRECTLY TO TED BEFORE THE NEXT TEAM MEETING.
FINANCE & ACCOUNTING
ETHICS
COMP-XM PRACTICE QUIZ: QUESTIONS AND ANSWERS
ETHICS & TEAM DYNAMICS
QUESTION 1:
YOU ARE THE LEAD TEAM MEMBER OF A WARRANTY CLAIM TEAM WITHIN THE ANDREWS COMPANY. YOUR
TEAM HAS HAD AN AVERAGE YEAR, WITH PROFITS REMAINING GENERALLY FLAT. IN AN EFFORT TO BOOST
PROFITS FOR THE YEAR, YOUR MANAGER SUGGESTS YOU POSTPONE PROCESSING ANY EXISTING CLAIMS IN
THE 4TH QUARTER UNTIL THE NEW FISCAL YEAR (SOME CLAIMS ARE AS HIGH AS $150,000). WHICH OF THE
FOLLOWING RESPONSES WOULD BE THE MOST APPROPRIATE STEP TOWARD MAKING AN ETHICAL DECISION?
• "LET'S JUST MAKE SURE WE COVER OUR TRACKS SO INTERNAL AUDIT DOESN'T GO CRAZY."
• "SINCE WE WON'T BENEFIT DIRECTLY, LET'S MOVE FORWARD WITH THIS PLAN."
• "HAVE WE DONE THIS IN THE PAST?"
• "PERHAPS WE SHOULD EXPLORE WHICH STAKEHOLDERS WOULD STAND TO WIN OR LOSE FROM SUCH
A DECISION."
QUESTION 2:
EVERY TIME YOUR COLLEAGUE FACES A DILEMMA SHE IS FOND OF SAYING, "I BELIEVE SOME PRINCIPLES
CAN'T BE SACRIFICED FOR ANYTHING." SHE CLEARLY FAVORS WHICH FORM OF ETHICAL GUIDANCE?
, • UTILITARIANISM
• UNIVERSALISM
• SITUATIONAL ETHICS
• VIRTUE ETHICS
QUESTION 3:
ALL OF YOUR TEAMMATES ARE DEDICATED TO THE PROJECT. HOWEVER, THIS TIME AND EFFORT DOES NOT
SEEM TO TRANSLATE INTO EFFECTIVELY SHARING INFORMATION. WHICH OF THE FOLLOWING ACTIONS IS
MOST LIKELY TO IMPROVE YOUR TEAM'S INFORMATION SHARING?
• MAKE DISCUSSIONS DURING TEAM MEETINGS MORE FREE-FORM.
• SCHEDULE MORE VIRTUAL TEAM MEETINGS.
• SHARE LESS INFORMATION ABOUT EACH OTHER'S ASSIGNMENTS.
• STRUCTURE TEAM DISCUSSIONS TO FOCUS ON A SMALLER SET OF KEY ISSUES.
QUESTION 4:
ONE OF YOUR TEAM MEMBERS, TED, HAS NOT BEEN ACCOMPLISHING HIS FAIR SHARE OF THE WORK. WHICH
OF THE FOLLOWING ACTIONS WOULD BE MOST EFFECTIVE TO GET TED TO DO HIS FAIR SHARE?
• ASK TED TO MAKE A PUBLIC COMMITMENT TO THE TEAM AT THE NEXT MEETING.
• INFORM YOUR BOSS AND ASK THAT SHE TALK WITH TED DIRECTLY.
• ASK THE MOST SENIOR TEAM MEMBER TO ADDRESS THE CONCERN WITH TED.
• EXPRESS YOUR CONCERNS DIRECTLY TO TED BEFORE THE NEXT TEAM MEETING.
FINANCE & ACCOUNTING
