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Guide for CIMA BA4 - Fundamentals of Ethics, Corporate Governance and Business Law

Quiz CIMA BA4 - Fundamentals of Ethics, Corporate Governance and Business Law

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/ 10

Quiz

1/10
Company A has recently been having problems matching the views of its employees to its own. Which of the following might help their situation? Select ALL that apply.
Select the answer
5 correct answers
A.
Only hire those who share the company's views.
B.
Ensure management level employees follow the actions and behaviour of those higher up.
C.
Teach employees the company's values and train them to follow them.
D.
Remove any barriers that might prevent an employee from adhering to the company's ethics.
E.
Reward those who consistently recognise and and adhere to the company's values.
F.
Discipline those who regularly ignore the company's rules and values.
G.
Threaten legal action against those who regularly ignore the company's ethics.
H.
Implement a weekly hour-long session that recaps the company's values. All employees must attend.
I.
Change its views so that it matches each of their employees.

Quiz

2/10
According to the CIMA code of ethics, if appropriate safeguards cannot be identified to address threats to compliance with fundamental principles, a professional accountant should:
Select the answer
1 correct answer
A.
Proceed unless the situation will involve breaking the law
B.
Proceed with necessary caution
C.
Identify the situation to superiors before continuing with the professional service involved
D.
Refuse to remain associated with the matter creating the conflict, where possible

Quiz

3/10
Which TWO of the following are reasons why a company would choose to introduce a values based code of ethics?
Select the answer
2 correct answers
A.
To improve the cost efficiency of internal processes
B.
To identify gifted staff
C.
To provide guidance for staff
D.
To help staff to tackle the ethical dilemmas that they might face at work

Quiz

4/10
Which of the following courses of action is NOT part of the process that the CIMA Code of Ethics expects of professional accountants in resolving an ethical conflict?
Select the answer
1 correct answer
A.
Determine the appropriate course of action that is consistent with the fundamental principles identified
B.
Evaluate the consequences of each possible course of action
C.
Consult with other appropriate persons within the firm or employing organization for help if the matter remains unresolved
D.
Proceed with the course of action that would do least damage to a professional accountant's career prospects

Quiz

5/10
High profile corporate scandals in the past decade have had an effect on which of the following?
Select the answer
1 correct answer
A.
Public trust in business
B.
Legislation in the US and elsewhere
C.
Public trust in accountants
D.
All of the above

Quiz

6/10
You work for a company based in a capital city that leases office space to other organizations. Which of the following corporate issues is not related to ethics or social responsibility?
Select the answer
1 correct answer
A.
The energy efficiency of the buildings that you rent out
B.
Honest and transparent contracts with your customers
C.
Whether your buildings provide a safe and secure environment for workers and visitors
D.
Having the prestige of renting out some of a capital city's most famous landmarks

Quiz

7/10
Which of the following groups is a non-financial as opposed to a financial stakeholder of a company?
Select the answer
1 correct answer
A.
Competitors
B.
Shareholders
C.
Customers
D.
Suppliers

Quiz

8/10
Which of the following groups is a financial as opposed to a non-financial stakeholder of a company?
Select the answer
1 correct answer
A.
Journalists
B.
Local charities
C.
Employees
D.
Competitors

Quiz

9/10
Which ONE of the following statements is correct?
Select the answer
1 correct answer
A.
Adherence to legislation is always mandatory
B.
Adherence to codes of ethics is always mandatory
C.
Adherence to social responsibility policies is always mandatory
D.
Adherence to charitable donation policies is always mandatory

Quiz

10/10
Which of the following are TWO reasons why new legislation might be introduced in response to corporate scandals?
Select the answer
2 correct answers
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
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  • Quiz name:CIMA BA4 - Fundamentals of Ethics, Corporate Governance and Business Law
  • Total number of questions:659
  • Number of questions for the test:50
  • Pass score:80%

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