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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 is entitled to initiate court action on behalf of a company? 

(i) The board.

(ii) The majority shareholders.

(iii) All the shareholders.

Options:

A.

(i) only

B.

(i) or (ii) only

C.

(i) or (iii) only

D.

(i), (ii) or (iii)

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Question 2

IFAC member firms or bodies:

Options:

A.

Are entitled to use the IFAC Code of Ethics as an optional approach for their own organization

B.

Must, by law, adhere to the IFAC Code of Ethics

C.

Must prosecute any individual who fails to adhere to any part of the IFAC Code of Ethics

D.

Must not apply less stringent standards than those stated in the IFAC Code of Ethics

Question 3

ABC Accountants has taken out an advert in its local paper to promote its services.  Mr B, an account manager, is uncomfortable, as the advert says that ABC is expert in charitable tax issues, and he knows that none of the partners have that expertise. However, Mr B does not want to be thought of as a 'trouble maker' by bringing the matter up with his manager. Which TWO things should Mr B do?

Options:

A.

Seek guidance from CIMA's Code of Ethics

B.

Seek guidance from his line-manager

C.

Do nothing

D.

Speak to the local paper

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