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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 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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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 are listed among the IFAC's drivers for sustainable organisational success?

Select ALL that apply.

Options:

A.

Customer and stakeholder focus

B.

Effective leadership and strategy

C.

Integrated governance, risk and control

D.

Innovation and adaptability

E.

Financial management

F.

People and talent management

G.

Operational excellence

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