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BA4 - Fundamentals of Ethics, Corporate Governance and Business Law Questions 181–185 (page: 38)

Updated On: 9-Feb-2026

W, a junior accountant, passed all his qualifications with distinction, and has received high praise for the quality of the work he has done. However, he always delivers his work late, believing it is more important to be thorough than to be on time. Which personal quality is W lacking?

  1. Timeliness
  2. Respect
  3. Reliability
  4. Courtesy

Answer(s): A



The introduction of restrictions on how companies are permitted to advertise to children is a UK government reaction to a tension between:

  1. Professional and corporate values
  2. Corporate and societal values
  3. Personal and societal values
  4. Personal and professional values

Answer(s): B



The chief executive of a transnational corporation states on her curriculum vitae that she has an MBA which she does not in fact have. Is this an ethical issue and why?

  1. Yes - lying is an ethical issue and casts doubt on the integrity of the individual
  2. Maybe - depending on whether the lack of an MBA would mean that she is not competent to do her job
  3. Maybe - depending on whether anyone finds out or not
  4. No - everyone lies on their CV

Answer(s): A



Which of the following statements is true?

  1. The CIMA Code of Ethics is based on the IFAC Code of Ethics
  2. The IFAC Code of Ethics is based on the CIMA Code of Ethics
  3. The CIMA and IFAC codes take a very different approach
  4. The CIMA Code of Ethics is compliance based while the IFAC Code of Ethics is principles based

Answer(s): A



A was disqualified from driving but continued his employment as a driver for XYZ plc. The company discovered that A had lost his driving license and immediately dismissed him without notice.

Which of the following is correct?

i) As no notice was provided A's dismissal amounts to constructive dismissal.

ii) The employer was justified in dismissing A without notice as he was unable to continue his employment.

iii) A may make a claim for wrongful dismissal as, although his dismissal was justified, he was entitled to notice.

  1. (i) only
  2. (ii) only
  3. (i) and (ii) only
  4. (iii) only

Answer(s): B



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