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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

There are several different schools of ethics. Which of the following best represents the ethical approach adopted by the accountancy profession?

Options:

A.

People have a duty to comply with a set of universal principles that apply irrespective of the consequences of their actions

B.

The guiding principle of conduct should be the greatest happiness or benefit of the greatest number.

C.

People should act in their own best interests and an action is only right if it benefits the individual undertaking that action

D.

Virtues such as charity and justice are dispositions to act in ways that benefit both the person possessing them, and society as a whole

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Question 2

Which of the following is correct? 

(i) All courts below the Supreme Court may refer a case involving European Law to the European Court of Justice for a preliminary ruling.

(ii) The Supreme Court must refer a case involving European Law to the European Court of Justice for a preliminary ruling.

(iii) An English court is not bound to give effect to a preliminary ruling of the European Court of Justice.

Options:

A.

(i) and (ii) only

B.

(ii) and (iii) only

C.

(iii) only

D.

(i) and (iii) only

Question 3

P is an accountant working in a business Which of the following circumstances might create a self-interest threat for P in her professional role?

Options:

A.

A client is threatening P's dismissal over a disagreement about the review of accounting policies

B.

P is concerned over her employment security

C.

P is required to review data after previously being involved in its preparation

D.

The company is being threatened by litigation

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