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BA4 Exam Dumps : Fundamentals of Ethics - Corporate Governance and Business Law

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Fundamentals of Ethics - Corporate Governance and Business Law Questions and Answers

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Question 1

Which of the following describes the aim of corporate governance initiatives?

Options:

A.

To remove shareholder responsibility for the conduct of the company.

B.

To reduce the burden of regulation on all companies to increase shareholder wealth

C.

To enable shareholders to reduce their involvement in the governance of the company

D.

To ensure that shareholders may have confidence that the company is well run

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Question 2

L is a senior management accountant in a large and respected firm. He has found out that two of the partners of the firm are working unethically for clients who operate on 'the wrong side of the law'.  L would like to draw this matter to the attention of the third partner, but he is concerned that he will either lose his job, or, if the scandal gets out, the firm will lose its reputation and clients as a result.  He decides to do nothing.  Is this an unethical thing to do?

Options:

A.

Yes - it is the ethical duty of an accountant not to cover anything up

B.

Yes - it is unethical to work for a firm like that

C.

No - he is protecting the reputation of the firm

D.

No - he is protecting his own job and the jobs of everyone in the firm

Question 3

A manufacturing company has a policy of only buying raw materials which are produced within a 100 kilometer radius of its factory. This is an example of what aspect of CSR?

Options:

A.

Quality management

B.

Environmental impact reporting

C.

Supply chain management

D.

Brand management

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