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BA4 - Fundamentals of Ethics, Corporate
Governance and Business Law (2017 SYLLABUS)
1.How can a company help employees make the right decision when faced with a
A. Offer guiding values and principles to underpin decision-making
B. Threaten them with disciplinary procedures
C. Give them a rule book
D. Have a strong rules-based culture
2.Which of the following statements is incorrect?
(i) A term may be implied into a contract on the basis of previous dealings between
(ii) A term may be implied into a contract by statute.
(iii) A term may be implied into a contract by a court where it would be reasonable to
A. (i) only
B. (i) and (ii) only
C. (ii) only
D. (iii) only
3.Although no-one has reason to suspect, you have taken a violent dislike to a
particular assurance client.
This could severely affect your independence:
A. Of belief
B. In appearance
C. Of mind
D. In competence
4.Which of the following is not valid consideration?
A. Payment to be made upon delivery of the goods.
B. Payment handed over at the time of the contract.
C. Past consideration.
D. A promise to make an early repayment of a debt.
5.Which of the following are TWO reasons why new legislation might be introduced in
response to corporate scandals?
A. To prevent this type of unethical behavior by making it illegal
B. To punish individuals for adhering to codes of ethics
C. To encourage companies to make their own decisions about ethical matters
D. To enforce minimum standards of behavior
6.Which of the following is NOT one of the main requirements of the UK Corporate
A. The separation of the roles of Chairman and Managing Director
B. The appointment of competent accountants in the finance function
C. The establishment of an audit committee
D. The reporting to shareholders of risks and internal controls
7.Which of the following is a 'finan