General Management · Professional Ethics
Analyze the following statements regarding employee ethics and select the correct option: Statement 1: The principle of individual ethics dictates that the duty of confidentiality toward the customer remains absolute and can never be breached, even if the employee discovers financing of illegal activities. Statement 2: A professional code of conduct serves as a guide for employees to navigate complex ethical dilemmas by providing a standardized set of rules. Statement 3: When an employee uses non-public price-sensitive information regarding a corporate client's upcoming merger to advise family members on stock purchases, they commit insider trading.
- 1Only Statement 3 is correct.
- 2Statement 1 and Statement 2 are correct.
- 3Statement 2 and Statement 3 are correct.✓
- 4All statements are correct.
Correct answer
Statement 2 and Statement 3 are correct.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for General Management?
Practice full-length General Management mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Professional Ethics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Management · Professional Ethics