Question 1
1) Which of the following can be inferred from the passage?A)
Correct No clear cut answer as to the legality of SWIFT's cooperation existed
- Can be inferred from the text mentioned in Para 4: "While SWIFT had compelling arguments both for agreeing and refusing to cooperate with the U.S. government program, even in hindsight, it is impossible to judge with certitude the wisdom and ethics of SWIFT's decision to cooperate as we still lack answers to important questions........... "B) SWIFT failed to adequately consult its legal staff before deciding to cooperate
- Not mentioned in any of the passages. C) The volume of money routed through SWIFT declined after its cooperation became public
- Not mentioned in any of the passages. D) U.S. authorities threatened criminal charges if SWIFT refused their subpoenas
- Not mentioned in any of the passages. E) Treasury Department officials objected to the publication of information about its classified program
- Not mentioned in any of the passages. Question 2
2) Inferring from the passage, which of the following constituted an ethical justification for SWIFT complying with the government?A) The U.S. government can subpoena information that pertains to its citizens
- Not mentioned in any of the passages. - US govt can S the info stored in its territory- people not mentioned.B) SWIFT executives believed another catastrophic attack was imminent
- Not mentioned in any of the passages. - it was mentioned as a ethical point that supports SWIFT's action. But what officials believed was never mentioned C)
Correct Providing data to the government based upon a valid subpoena did not explicitly violate SWIFT policy
- Can be inferred from the text mentioned in Para 3. 3rd point : "Third, cooperating with the government did not explicitly violate any SWIFT policies due to the presence of a valid subpoena. "D) Despite ostensibly poor oversight, senior Treasury Department officials assured SWIFT that data would be kept confidential
- Not mentioned in any of the passages. . This Q, posed by the author, can be used to evaluate the situation presented. E) U.S. officials told SWIFT officials exactly why Treasury needed the information
- Not mentioned in any of the passages. Again, This Q, posed by the author, can be used to evaluate the situation presented. Question 3
3) The author suggests which of the following is the most appropriate conclusion of an analysis of the ethics of SWIFT's decision?A) SWIFT acted inappropriately as it compromised its long-standing values of integrity, privacy, and confidentiality
- Never concluded if the act was inappropriate .(See Option B) B)
Correct SWIFT's actions cannot be judged with perspicuity as answers to important questions are still unknown -
- The author mentioned that the action could be evaluated on the basis of some Qs in Para 4. :it is impossible to judge with certitude the wisdom and ethics of SWIFT's decision to cooperate as we still lack answers to important questions such as: what information did the government want? ............ "C) SWIFT acted properly as it complied with the requests of a sovereign government in an attempt to save lives
- Never concluded if the act was appropriate .(See Option B) D) SWIFT's actions endangered the flow of commerce by sparking public outrage at an important institution
- No mention of what SWIFT's action did to the flow of commerce. E) SWIFT's actions were appropriate initially, yet should have been discontinued prior to June 2006
- Never concluded if the act was appropriate .(See Option B) Question 4
4) According to the passage, each of the following describes SWIFT EXCEPT:A) Had data stored in Virginia
- Mentioned in Paragraph 3 B) Valued confidentiality and non-disclosure
- Mentioned in Paragraph 2 C) Routes trillions of dollars a day
- Mentioned in Paragraph 1 D) Composed of a consortium of banks
- Mentioned in Paragraph 1 E)
Correct After over a month of deliberation, complied with the government's subpoena -
- Never mentioned in the passages "Question 5
5) The author implies that which of the following most likely occurred as a result of the news stories that ran in June 2006:A) U.S. government officials decried the leaking of classified information
- Not mentioned anywhere in the provided piece B) SWIFT executives conducted a thorough internal review to assess the legality of SWIFT's actions
- Not mentioned anywhere in the provided piece C) Some foreign members of the SWIFT consortium demanded answers from SWIFT's executives
- Not mentioned anywhere in the provided piece D)
Correct Many members of the public and financial community debated SWIFT's decision
- Mentioned in Para 01: "This sparked a heated public debate over the ethics of SWIFT's decision to reveal ostensibly confidential financial communications."
Mentioned in Para 03: "However, the extent of cooperation certainly surprised many financial institutions and sparked some outrage and debate within the financial community."E) Financial data and transactions slowed as a result of the publication of SWIFT's cooperation.
- Not mentioned anywhere in the provided piece _________________
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