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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

Question 1

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.

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Question 2

Which of the following are TWO reasons why new legislation might be introduced in response to corporate scandals?

Options:

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

Question 3

In the UK, the body responsible for reviewing the regulatory activities of the professional accountancy bodies is:

Options:

A.

The Professional Oversight Board for Accountancy

B.

The International Federation of Accountants

C.

The Financial Reporting Council

D.

The Financial Review Board