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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

lohn works as a management accountant for a law firm. He only got the job because he lied about his qualifications: he told the interviewers that he the required accountancy qualifications to do the job when he actually

didn't.

Now John's boss has found that John lied during the interview. Which of the following will almost certainly happen as a result?

Select ALL that apply.

Options:

A.

John will lose his employer's trust.

B.

John will lose his job.

C.

John will face criminal proceedings.

D.

John will face civil proceedings.

E.

John will be expelled from the professional accountancy organisations he is a member of.

F.

John will have problems finding new employment.

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Question 2

You work for an accountancy firm and discover that a member of an assurance team has a significant conflict of interest. You take CIMA's Code of Ethics with you when you alert your board of directors as to why this is an important issue, but the board decides that the conflict of interest is not important. This is an example of tension between:

Options:

A.

Corporate and professional values

B.

Corporate and societal values

C.

Societal and personal values

D.

All of the above

Question 3

Which of the following is incorrect?

Options:

A.

Subject to the company's Articles of Association, shareholder approval is not required to enable the company to borrow money.

B.

Subject to the company's Articles of Association, shareholder approval is not required to authorise the issue of shares direct to one person for a non-cash consideration.

C.

A company's Articles cannot provide that the Articles are unalterable.

D.

The Articles of Association may be altered by special resolution.

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