Arts Management Ethics: Fiduciary Responsibilities, Transparency, and Accountability

Question 1

Which of the following is NOT a fiduciary duty of arts managers?

Accepted Answer

To act in their own self-interest

Answer

To manage the organization's assets responsibly

Answer

To avoid conflicts of interest

Answer

To act in the best interests of the organization

Question 2

Which of the following is a key principle of transparency in arts management?

Accepted Answer

Making accurate financial information publicly available

Answer

Keeping all decision-making processes secret

Answer

Favoring certain stakeholders over others

Answer

Censoring any criticism of the organization

Question 3

Which of the following is NOT a potential consequence of unethical behavior in arts management?

Accepted Answer

Increased financial support

Answer

Loss of funding

Answer

Damage to the organization's reputation

Answer

Legal liability

Question 4

Which of the following is a best practice for managing conflicts of interest in arts management?

Accepted Answer

Disclosing all potential conflicts to relevant parties

Answer

Keeping potential conflicts secret from other stakeholders

Answer

Ignoring potential conflicts unless they become a problem

Question 5

Which of the following is a challenge to ethical decision-making in arts management?

Accepted Answer

Balancing the needs of multiple stakeholders fairly

Answer

Having access to all relevant information

Answer

Understanding ethical principles thoroughly

Answer

Avoiding personal biases

Question 6

Which of the following is a benefit of ethical behavior in arts management?

Accepted Answer

Increased trust from stakeholders

Answer

Guaranteed success

Answer

Increased financial rewards

Answer

Reduced operating costs

Question 7

Which of the following is a key ethical principle in arts management?

Accepted Answer

Fairness

Answer

Selfishness

Answer

Deception

Answer

Greed

Question 8

Which of the following is NOT a way to promote ethical behavior in arts management?

Accepted Answer

Punishing unethical behavior only when it is detected

Answer

Creating a culture of accountability and transparency

Answer

Providing ethics training

Question 9

Which of the following is a characteristic of an ethical arts manager?

Accepted Answer

Integrity

Answer

Greed

Answer

Irresponsibility

Answer

Dishonesty

Question 10

Which of the following is a strategy for ethical decision-making in arts management?

Accepted Answer

Considering the impact of decisions on all stakeholders affected

Answer

Making decisions based on personal preferences

Answer

Ignoring ethical guidelines

Question 11

Which of the following is **NOT** a fiduciary duty of arts managers?

Accepted Answer

To prioritize their own financial interests above the interests of the organization

Answer

To act in the best interests of the organization

Answer

To exercise care and diligence in managing the organization's resources

Question 12

Transparency in arts management refers to:

Accepted Answer

Open and accessible communication about the organization's activities and decisions

Answer

Hiding financial information from stakeholders

Answer

Keeping sensitive information strictly confidential

Question 13

Which of the following is a key ethical principle that underpins arts management?

Accepted Answer

Equity and inclusion

Answer

Prioritizing censorship to avoid controversy

Answer

Discrimination based on personal characteristics

Answer

Profit maximization as the sole objective

Question 14

An arts manager has a duty to ensure that their organization's finances are:

Accepted Answer

Accurately reported and managed responsibly

Answer

Kept secret from the public and stakeholders

Answer

Used for personal gain or unauthorized purposes

Question 15

When faced with an ethical dilemma in arts management, the most appropriate course of action is to:

Accepted Answer

Seek guidance from relevant ethical principles and codes of conduct

Answer

Follow intuition without considering ethical implications

Answer

Make a decision based solely on personal biases and preferences

Question 16

Which of the following is a potential **negative** consequence of unethical behaviour in arts management?

Accepted Answer

Damage to the organization's reputation

Answer

Improved artistic quality and audience engagement

Answer

Enhanced credibility and increased funding

Answer

Greater support from stakeholders

Question 17

Arts managers have a responsibility to:

Accepted Answer

Protect and support the rights and welfare of artists and audiences

Answer

Disregard the interests and concerns of stakeholders

Answer

Prioritize financial gain over artistic integrity and mission

Question 18

Which of the following is a best practice for ensuring accountability in arts management?

Accepted Answer

Regular reporting to stakeholders and engagement with external auditors

Answer

Keeping financial records secret and inaccessible to stakeholders

Answer

Allowing managers to operate without any oversight or accountability measures

Question 19

Ethical decision-making in arts management should be based on:

Accepted Answer

A clear understanding of ethical principles, values, and their application to the arts context

Answer

Personal biases and preferences rather than objective ethical principles

Answer

External pressures and influences without considering ethical implications

Question 20

Which of the following is a key ethical challenge frequently encountered in arts management?

Accepted Answer

Balancing artistic freedom and innovation with financial constraints and resource limitations

Answer

Attracting a large enough audience to ensure financial viability

Answer

Finding enough parking spaces for patrons attending events

Question 21

Which of the following is NOT a fiduciary duty of an arts manager?

Accepted Answer

To seek personal gain

Answer

To maintain confidentiality

Answer

To avoid conflicts of interest

Answer

To act in the best interests of the organization

Question 22

What is the primary purpose of transparency in arts management?

Accepted Answer

To ensure accountability and maintain trust

Answer

To solely comply with legal requirements

Answer

To gain competitive advantage over other organizations

Answer

To attract funding for the sake of funding

Question 23

What should an arts manager do when faced with a conflict of interest?

Accepted Answer

Disclose the conflict and potentially recuse themselves from decision-making

Answer

Ignore the conflict if it is deemed insignificant

Answer

Seek the advice of a legal professional instead

Question 24

What is the role of codes of ethics in arts management?

Accepted Answer

To provide a set of ethical principles and standards

Answer

To shield against legal liabilities in all cases

Answer

To enhance the public image of the arts industry

Answer

To control the behavior of all arts professionals

Question 25

Which of the following is a professional virtue essential for effective arts management?

Accepted Answer

Integrity

Answer

Charisma

Answer

Risk-taking

Answer

Creativity

Question 26

What is a main ethical challenge facing contemporary arts managers?

Accepted Answer

Balancing artistic freedom and social responsibility

Answer

Managing complex legal and regulatory issues exclusively

Answer

Securing funding in a very limited environment

Question 27

Which of the following is NOT a consequence of unethical behavior in arts management?

Accepted Answer

Increased funding opportunities

Answer

Damaged reputation

Answer

Loss of public trust

Question 28

What is the most crucial factor when making ethical decisions in arts management?

Accepted Answer

The potential impact on all relevant stakeholders

Answer

Public perception as mediated through media coverage

Answer

Organizational policies only

Answer

Personal beliefs and values solely