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You are the manager of the finance function of a large engineering company According to IFAC's drivers of sustainable corporate success, which of the following would be a method by which you could improve the value of your department to the company?

Options:

Providing ethical leadership which focuses on minimizing environmental costs sustainably.

Providing ethical and strategic leadership which focuses on sustainable value creation.

Providing strategic leadership which sustains the maximization of short term value.

Providing sustainable ethical and strategic leadership which focuses on operating profit.

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Question 2

Which of the following is incorrect?

Options:

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

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

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

A preliminary ruling of the European Court of Justice is sent back to the Court which referred the question and must be given effect by that court.

Question 3

Mr X's wife is gravely ill. He accepts money from a client to falsify some accounts. The client is a contractor, being paid by the Government to build a bridge over a river. The accounts now state that more expensive materials were used to build the bridge. The money helps Mr X pay for his wife's medical treatment. Is this an example of a 'victimless crime'?

Options:

No. The contractor is being paid to build a bridge with tax payers' money. If it is built with poor quality materials it may collapse, wasting money, and potentially causing an accident

Yes. Mr X used the money to get help for his wife. The bridge was built anyway

Yes. Mr X needed the money to help his wife - family is more important

Yes. Mr X has a duty to do as his client asked

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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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