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You are the financial controller of SB Company, responsible for directing the budgeting process For the current year, you were instrumental in gaming approval of a particular manager's budget without modification. As a token of appreciation, the manager has given you a gift voucher for a local restaurant In considering whether or not to accept the gift, you should refer to which of the following fundamental ethical principles?

Options:

Professional competence

Credibility

Integrity

Professional behavior

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Question 2

Which THREE of the following are disadvantages of rules-based approaches to ethical standards?

Rules-based approaches:

Options:

are inflexible and expensive

motivate compliance through value and judgment

are subject to precise definitions of wording and hence become contentious

have subjective standards which may cause confusion.

require objective enforcement by an independent party.

are inconsistently applied due to the need for judgment.

Question 3

Articles of association regulate the relationship between:

Options:

the company and its directors

the company and its customers

the company and its members

the company and its creditors

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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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