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BA4 Exam Dumps : Fundamentals of Ethics, Corporate Governance and Business Law

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

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Question 1

DGH is a company operating in the oil and gas industry, which is heavily regulated. The government is considering introducing a new law which is likely to result in a dramatic cut in profitability for DGH.

Which of the following is NOT a legitimate method for DGH to influence government policy in its own best interests?

Options:

A.

Employing lobbyists to put DGH's case to ministers or civil servants.

B.

Offering financial incentives to public officials to use their influence on DGH's behalf

C.

Attempting to influence public opinion in order to put pressure on the legislative agenda

D.

Inviting government ministers to attend the next board meeting of DGH to allow the directors to put forward their view

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Question 2

Which of the following is incorrect?

Options:

A.

All courts below the Supreme Court  may refer a case involving European Law to the European Court of Justice for a preliminary ruling.

B.

Supreme Court must refer a case involving European Law to the European Court of Justice for a preliminary ruling.

C.

An English court is not bound to give effect to a preliminary ruling of the European Court of Justice.

D.

A preliminary ruling of the European Court of Justice is sent back to the Court which referred the question and must be given effect by that court.

Question 3

In the UK, the body responsible for taking an appropriate role in the development of statutes, regulations and accounting standards which affect the conduct of auditing and assurance services, both domestically and internationally is:

Options:

A.

The Professional Oversight Board for Accountancy

B.

The International Federation of Accountants

C.

The Auditing Practices Board

D.

The Financial Review Board

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