📝 One-liners · 66 cards
Ethical Dimensions - Employees
How does the chapter define a 'conflict of interest' for a bank employee?
A conflict of interest exists when an employee must choose whether to advance his or her own interests, those of the organization, or those of some other group.
What is the definition of 'conflict of interest' as per the chapter on ethical dimensions for bank employees?
When employee must choose between personal, organizational, or third-party interests.
Why is ethical conduct by bank employees considered especially important in the banking sector?
Banks deal with public money and public trust, so ethical conduct by employees is critical to maintaining the integrity and stability of the financial system.
Submitting personal travel bills as official tour reimbursement is classified as which type of ethical violation?
Abuse of official position for personal gain.
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