Unit 2 - Professional Practice

Question 1

What do the rules of professional conduct include?

Answer 1

1. Code of Ethics
2. Relationship with the Association
3. Scope of Practice
4. Duties to various stakeholders

Question 2

What are the 7 principles associated of the Code of Ethics?

Answer 2

1. Competence
2. Legal Requirements
3. Dignity in the Workplace
4. Balancing Interests
5. Conflict of Interest
6. Confidentiality
7. Professional Growth & Support

Question 3

What are the 5 steps in the Risk Management Process?

Answer 3

1. Identify the Risks
2. Assess the Risks
3. Develop strategies
4. Implement strategies & communicate
5. Monitor the results

Question 4

What does assessing a risk entail?

Answer 4

It involves assessing the likelihood & severity of the risk occuring.

Question 5

What are the 4 strategies in managing risk?

Answer 5

1. Avoidance
2. Acceptance
3. Modification
4. Transfer or sharing