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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

Why are the principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior “fundamental”?

Options:

A.

Because they are the foundations of reasoning and professional practice

B.

Because they are the foundations of human rights

C.

Because they are the foundations of corporate responsibility

D.

Because they are the foundations of management accounting

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Question 2

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

Question 3

Which of the following statements is incorrect?

Options:

A.

A person who signs a contract is deemed to have read it.

B.

A person is assumed to know of a term of which he has been given reasonable notice at or before the time of the contract.

C.

A person seeking to rely upon an onerous clause must show that he has taken sufficient steps to bring the clause to the other party's attention.

D.

A person cannot be bound by an onerous clause.

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