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Fundamentals of Ethics, Corporate Governance and Business Law Questions and Answers

Question 57

A manufacturing company has a policy of only buying raw materials which are produced within a 100 kilometer radius of its factory. This is an example of what aspect of CSR?

Options:

Quality management

Environmental impact reporting

Supply chain management

Brand management

Question 58

L is a senior management accountant in a large and respected firm. He has found out that two of the partners of the firm are working unethically for clients who operate on 'the wrong side of the law'. L would like to draw this matter to the attention of the third partner, but he is concerned that he will either lose his job, or, if the scandal gets out, the firm will lose its reputation and clients as a result. He decides to do nothing. Is this an unethical thing to do?

Options:

Yes - it is the ethical duty of an accountant not to cover anything up

Yes - it is unethical to work for a firm like that

No - he is protecting the reputation of the firm

No - he is protecting his own job and the jobs of everyone in the firm

Question 59

Compliance is

Options:

Doing the right thing because it is the right thing to do

Doing the right thing because you have to

A way of building trust

A matter of judgment

Question 60

Which of the following are examples of an invitation to treat? Select ALL that apply.

Options:

Goods on display in a shop window.

A billboard advertisement

Goods on display on a supermarket shelf.

A street vendor who offers a passerby a bunch of bananas for £1.

A man who offers to sell his car for £1500 to a potential buyer.

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Fundamentals of Ethics, Corporate Governance and Business Law Questions and Answers

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