CERTIFIED COMPLIANCE AND ETHICS AND ETHICS
PROFESSIONAL (CCEP) CERTIFICATION EXAM 300
QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+
What are the reasons organizations have compliance and ethics programs? Select all
that apply. - ANSWER: To communicate the organization's commitment to ethical
standards, laws, and regulations
To have a program that will prevent, detect, and deter issues of non-compliance with
law, regulations, or internal standards/guidelines
To ensure compliance with mandatory requirements of laws and regulations
One benefit of a compliance and ethics program is to reduce an organization's
exposure to civil damages and penalties, criminal sanctions, and administrative
remedies. • - ANSWER: True
Which law first established expectations for how U.S. corporations conduct
themselves when operating in other countries? - ANSWER: Foreign Corrupt Practices
Act (FCPA)!
Which federal organization prosecutes alleged criminal violations by organizations? -
ANSWER: The Department of Justice prosecutes alleged criminal violations.
If an organization has an effective compliance and ethics program, the Federal
Sentencing Guidelines may absolve an organization from culpability for violations of
law. (T/F) - ANSWER: O True
The Patriot Act provides that individuals and organizations operating in the U.S. are
prohibited from conducting business with certain foreign nationals. (T/F) - ANSWER:
True
Which element of a compliance program is the best way to detect anomalies or
violations of laws or regulations? - ANSWER: O Monitoring and testing
The changes to the Federal Sentencing Guidelines in 2010 (select all that apply). -
ANSWER: Enhanced autonomy for compliance personnel Defined an effective
compliance program
Before the 1960's, business ethics considerations focused on: - ANSWER: Theological
discussions
, The Defense Industry Initiative on Business Ethics and Conduct established a
foundation for the Federal Sentencing Guidelines for Organizations. (T/F) - ANSWER:
True
In the 1960's most of the business ethics issues were focused on macro or societal
issues. (T/F) - ANSWER: • True
In the 1970's, business ethics decisions were driven by civil rights issues. (T/F) -
ANSWER: False
The Defense Industry Initiative on Business Ethics and Conduct was a law enacted in
1986 to set standards for business ethics and conduct in the defense industry. (T/F) -
ANSWER: • False
Business ethics became an acknowledged field of study leading to the establishment
of ethics committees in the 1980's. (T/F) - ANSWER: True
In the 2000's, business ethics and social responsibility issues have focused on: (select
all that apply) - ANSWER: Sustainability Cybercrime Privacy
Which of the following is NOT one of the U.N Global Compact principle categories? -
ANSWER: • Constitutional Rights
List the 5 key Federal Sentencing Guidelines components that transcend across an
organization. - ANSWER: 1. Ethics and Culture 2. Risk Assessments 3. Training 4.
Remedial Actions 5. Compliance Program Independence
Briefly describe at least 3 factors that an organization should include within its risk
assessment process. - ANSWER: - seriousness of likely misconduct Particular risks
associated with nature of business. Particular risks associated with prior organization
history. -prioritizing the risk.
The Federal Sentencing Guidelines require to investigate detected misconduct,
respond appropriately and prevent reoccurrence. - ANSWER: reasonably prompt
steps
Once a violation (of law, regulation, policy or procedure) is validated and
reoccurrence is prevented, what should be the next step? - ANSWER: Determine if
there is consumer harm and whether restitution is due.
Explain what should be included in an policy's purpose statement. - ANSWER: It
outlines the basic objectives of the organization and a brief description of the
general guiding principles or rules. The policy's purpose statement should be
concise.
A policy must always have a law or regulation tied to it. (T/F) - ANSWER: False
PROFESSIONAL (CCEP) CERTIFICATION EXAM 300
QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+
What are the reasons organizations have compliance and ethics programs? Select all
that apply. - ANSWER: To communicate the organization's commitment to ethical
standards, laws, and regulations
To have a program that will prevent, detect, and deter issues of non-compliance with
law, regulations, or internal standards/guidelines
To ensure compliance with mandatory requirements of laws and regulations
One benefit of a compliance and ethics program is to reduce an organization's
exposure to civil damages and penalties, criminal sanctions, and administrative
remedies. • - ANSWER: True
Which law first established expectations for how U.S. corporations conduct
themselves when operating in other countries? - ANSWER: Foreign Corrupt Practices
Act (FCPA)!
Which federal organization prosecutes alleged criminal violations by organizations? -
ANSWER: The Department of Justice prosecutes alleged criminal violations.
If an organization has an effective compliance and ethics program, the Federal
Sentencing Guidelines may absolve an organization from culpability for violations of
law. (T/F) - ANSWER: O True
The Patriot Act provides that individuals and organizations operating in the U.S. are
prohibited from conducting business with certain foreign nationals. (T/F) - ANSWER:
True
Which element of a compliance program is the best way to detect anomalies or
violations of laws or regulations? - ANSWER: O Monitoring and testing
The changes to the Federal Sentencing Guidelines in 2010 (select all that apply). -
ANSWER: Enhanced autonomy for compliance personnel Defined an effective
compliance program
Before the 1960's, business ethics considerations focused on: - ANSWER: Theological
discussions
, The Defense Industry Initiative on Business Ethics and Conduct established a
foundation for the Federal Sentencing Guidelines for Organizations. (T/F) - ANSWER:
True
In the 1960's most of the business ethics issues were focused on macro or societal
issues. (T/F) - ANSWER: • True
In the 1970's, business ethics decisions were driven by civil rights issues. (T/F) -
ANSWER: False
The Defense Industry Initiative on Business Ethics and Conduct was a law enacted in
1986 to set standards for business ethics and conduct in the defense industry. (T/F) -
ANSWER: • False
Business ethics became an acknowledged field of study leading to the establishment
of ethics committees in the 1980's. (T/F) - ANSWER: True
In the 2000's, business ethics and social responsibility issues have focused on: (select
all that apply) - ANSWER: Sustainability Cybercrime Privacy
Which of the following is NOT one of the U.N Global Compact principle categories? -
ANSWER: • Constitutional Rights
List the 5 key Federal Sentencing Guidelines components that transcend across an
organization. - ANSWER: 1. Ethics and Culture 2. Risk Assessments 3. Training 4.
Remedial Actions 5. Compliance Program Independence
Briefly describe at least 3 factors that an organization should include within its risk
assessment process. - ANSWER: - seriousness of likely misconduct Particular risks
associated with nature of business. Particular risks associated with prior organization
history. -prioritizing the risk.
The Federal Sentencing Guidelines require to investigate detected misconduct,
respond appropriately and prevent reoccurrence. - ANSWER: reasonably prompt
steps
Once a violation (of law, regulation, policy or procedure) is validated and
reoccurrence is prevented, what should be the next step? - ANSWER: Determine if
there is consumer harm and whether restitution is due.
Explain what should be included in an policy's purpose statement. - ANSWER: It
outlines the basic objectives of the organization and a brief description of the
general guiding principles or rules. The policy's purpose statement should be
concise.
A policy must always have a law or regulation tied to it. (T/F) - ANSWER: False
