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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 statements is correct in relation to the civil law?

Options:

A.

All civil cases commence in the County Court.

B.

A breach of the civil law does not enable an injured party to claim compensation.

C.

A person may be prosecuted for a breach of the civil law.

D.

A tort is a civil wrong.

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Question 2

CIMA's Code of Ethics would be violated if a professional accountant accepted a fee for work which is:

Options:

A.

fixed by a company's ethics committee

B.

based on a quotation fixed in advance of the work being earned out

C.

payable once a specified finding has been attained

D.

based on a price quotation submitted in competitive bidding

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:

A.

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

B.

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

C.

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

D.

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

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