ELCP Comprehensive Exam Questions
with Correct Answers 2026-2027
Why are principles and values so important to companies? - CORRECT ANSWER -
They provide guidance for employees and leaders in makingPethical decisions.
What is the problem with an accommodating style of conflict management? -
CORRECT ANSWER -Leaders might allow unethical employees to continue their misconduct.
According to most companies' ethics codes, what happens to whistle blowers if their reportings
are wrong? - CORRECT ANSWER -They do not face retaliation for good faith reporting.
What should an ethical leader do in managing an ethical dilemma? - CORRECT ANSWER -
Select the most desirable path in a situation in which no decision is optimal.
Leaders who display good character . - CORRECT ANSWER -
take responsibility for ethically meeting stakeholder needs.
This approach emphasizes obedience to legal requirements. - CORRECT ANSWER -compliance-
based approach
What is the definition of an ethics audit? - CORRECT ANSWER -
An investigation into the ethical climate of the firm
An "ethical blind spot" refers to . - CORRECT ANSWER -
a person's underestimation of his or her own potential to commit misconduct
Why might ethics mistakes actually improve an organization in the long-run? -
CORRECT ANSWER -They give the firm an opportunity to learn from its mistakes.
with Correct Answers 2026-2027
Why are principles and values so important to companies? - CORRECT ANSWER -
They provide guidance for employees and leaders in makingPethical decisions.
What is the problem with an accommodating style of conflict management? -
CORRECT ANSWER -Leaders might allow unethical employees to continue their misconduct.
According to most companies' ethics codes, what happens to whistle blowers if their reportings
are wrong? - CORRECT ANSWER -They do not face retaliation for good faith reporting.
What should an ethical leader do in managing an ethical dilemma? - CORRECT ANSWER -
Select the most desirable path in a situation in which no decision is optimal.
Leaders who display good character . - CORRECT ANSWER -
take responsibility for ethically meeting stakeholder needs.
This approach emphasizes obedience to legal requirements. - CORRECT ANSWER -compliance-
based approach
What is the definition of an ethics audit? - CORRECT ANSWER -
An investigation into the ethical climate of the firm
An "ethical blind spot" refers to . - CORRECT ANSWER -
a person's underestimation of his or her own potential to commit misconduct
Why might ethics mistakes actually improve an organization in the long-run? -
CORRECT ANSWER -They give the firm an opportunity to learn from its mistakes.
