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Question 68

Matty dreams of owning his own business but can't be bothered to follow the steps involved in setting one up.

What should he do?

Options:

A.

Purchase an off the shelf company.

B.

Set one up anyway but only complete the most important steps.

C.

Walk away from his dream - the only way he can own his own business is by following the steps involved in setting one up.

D.

Become a sole trader.

Question 69

C tends to be polite to colleagues when they are present, but very rude about them in their absence. She lacks the personal quality identified by CIMA as:

Options:

A.

Respect

B.

Responsibility

C.

Reliability

D.

Reserve

Question 70

Which of the following describes a principles-based approach to ethical standards in an organisation?

The objective behind the approach is to:

Options:

A.

detect ethical non-compliance It motivates through fear and its standards are implicit

B.

prevent ethical non-compliance It motivates through values and its standards are explicit

C.

detect ethical non-compliance It focuses on the development of discipline and obedience and its standards are explicit

D.

prevent ethical non-compliance It focuses on the development and application of individual judgment and standards are implicit

Question 71

Compliance is

Options:

A.

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

B.

Doing the right thing because you have to

C.

A way of building trust

D.

A matter of judgment

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Exam Code: BA4
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: May 5, 2024
Questions: 661
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