Helping Hand Questions for BA4

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

Question 69

When might an ethical dilemma occur?

Options:

When the boundaries between right and wrong are unclear

When the code of ethics does not specify what action to take

When an individual is under pressure to do something that does not feel right

All of the above

Question 70

Why are the principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior “fundamental”?

Options:

Because they are the foundations of reasoning and professional practice

Because they are the foundations of human rights

Because they are the foundations of corporate responsibility

Because they are the foundations of management accounting

Question 71

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:

John will lose his employer's trust.

John will lose his job.

John will face criminal proceedings.

John will face civil proceedings.

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

John will have problems finding new employment.

Question 72

Which of the following is INCORRECT in relation to the Unfair Terms in Consumer Contracts Regulations 1999?

Options:

The regulations only apply to standard form contracts.

The regulations only apply to exemption clauses.

The regulations only apply to consumer contracts entered into by a human being and do not apply to limited companies.

Whether or not a clause is written in plain English is a factor which may be taken into account in deciding whether the term is unfair.

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

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