A financial services company is updating its code of ethics to include stronger data privacy practices. The compliance team notices that the current code is not being followed consistently across departments. They want to understand why. Who should they consult to identify factors that hinder adoption of ethical practices?

Process owners in each department

Which of the following is an example of an ecosystem or industry group that an organization might belong to and should consider when developing a code of ethics?

A local chapter of a professional association for data scientists

The organization's board of directors

The organization's internal legal department

The organization's customer support team

Which of the following is a key characteristic of a pilot for a draft code of ethics?

It is open to the general public

It is conducted without any feedback

It has a predetermined duration

It is the final version of the code

Why is it important to identify the industry groups and professional organizations to which an organization belongs when developing a code of ethics?

To determine which employees should be assigned to the ethics committee

To calculate the financial cost of developing the code of ethics

To ensure the code aligns with the ethical standards and expectations of those groups

To identify which external stakeholders should be excluded from the review process

A fintech startup is creating its first code of ethics. The startup is a member of the Fintech Innovation Lab and the local startup incubator. The founders want to ensure the code covers all relevant ethical considerations. What is the most effective way to establish a baseline for the code?

Wait for the industry to develop a standard code

Write the code from scratch based on the founders' personal values

Adopt the code of the Fintech Innovation Lab verbatim

Collect and aggregate codes of ethics from the Fintech Innovation Lab and the startup incubator

CertNexusCertified Ethical Emerging Technologist (CEET)

Domain 5Objective 3

Objective 5.3 Follow Recommended Guidelines for Developing a Code of Ethics CERTIFIED-ETHICAL-EMERGING-TECHNOLOGIST Practice Questions (Page 3)

Part of the 5.0 Organizational Policy and Governance domain, which accounts for 18% of the CERTIFIED-ETHICAL-EMERGING-TECHNOLOGIST exam.

26questions here

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Questions 11–15

11application · medium
A financial services company is updating its code of ethics to include stronger data privacy practices. The compliance team notices that the current code is not being followed consistently across departments. They want to understand why. Who should they consult to identify factors that hinder adoption of ethical practices?
Select an answer first
12foundation · easy
Which of the following is an example of an ecosystem or industry group that an organization might belong to and should consider when developing a code of ethics?
Select an answer first
13foundation · easy
Which of the following is a key characteristic of a pilot for a draft code of ethics?
Select an answer first
14foundation · easy
Why is it important to identify the industry groups and professional organizations to which an organization belongs when developing a code of ethics?
Select an answer first
15application · medium
A fintech startup is creating its first code of ethics. The startup is a member of the Fintech Innovation Lab and the local startup incubator. The founders want to ensure the code covers all relevant ethical considerations. What is the most effective way to establish a baseline for the code?
Select an answer first

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