Business Ethics – Page 3

AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

Question

Social audit has to do with the extent to which a company gets involved and interacts with the society in which it operates. This means that social audit does not extend to ONE of the following:
A. Corporate code of conduct and business ethics
B. Pricing policy, product safety, and quality control
C. Transaction audit
D. Employee health and safety
E. Environmental pollution

Answer

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Tags: Business Ethics, Corporate Responsibility, Environmental audit, Social Audit
Level: Level 3

Topic: Environmental and Sustainability Audits
Series: NOV 2012

BL – Nov 2020 – L1 – SA – Q6 – Business Ethics and Corporate Governance

Objective question testing knowledge on moral persuasion in guiding acceptable conduct.

Question

6. A moral persuasion against wrongdoing or unacceptable conduct is
A. Ethics
B. Laws
C. Rules
D. Regulations
E. Morals

Answer

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Tags: Business Ethics, Conduct, Ethics, Morality
Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: NOV 2020

BMF – Nov 2020 – L1 – SB – Q4 – The Role of Professional Accountants in Business and

Explanation of ethical dilemmas, powers of professional bodies, and methods for resolving ethical dilemmas.

Question

(a) Distinguish between ethical dilemma and conflict of interest. (4 Marks)
(b) Globally, professional bodies are backed by law, consequently, a measure of authority is conferred upon them which they regularly exercise whenever the situation or circumstance demands.
State THREE powers of a professional body. (6 Marks)
(c) State FIVE possible ways of resolving ethical dilemma in a business environment. (10 Marks)

(Total 20 Marks)

Answer

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Tags: Business Ethics, Conflict of Interest, Conflict Resolution, Ethical dilemma, Professional Body Powers
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: NOV 2020

CSME – Nov 2015 – L2 – Q3 – Ethics in Business

Describes the nature of business and professional ethics, Kohlberg’s theory of moral development, and criticisms of the theory.

Question

Kalu, a competent consultant and accountant, works in Bosun and Company Limited. The company realized that almost all of its newly employed entry-level staff are deficient in business and professional ethics. Consequently, the Human Resources Manager recommended to the CEO that a training program on business and professional ethics should be organized. Kalu is nominated as a resource person to speak at the training program.

Required:
a. How should Kalu explain the nature and importance of business ethics and professional ethics? (6 Marks)
b. Advise Kalu on how he should analyze Kohlberg’s theory of moral development in an attempt to explain to the trainee participants how people generally develop a sense of morality both in personal and professional life. (10 Marks)
c. Discuss any TWO of the criticisms of Kohlberg’s theory. (4 Marks)

Answer

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Tags: Business Ethics, Ethical Training, Kohlberg’s Theory, Moral Development, Professional Ethics
Level: Level 2

Topic: Ethics in Business
Series: NOV 2015

CSME – Nov 2019 – L2 – Q6b – Ethics in Business

Discusses the differences between ethical subjectivism and situation ethics.

Question

b) Distinguish ethical subjectivism from situation ethics. (6 Marks)

Answer

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Tags: Business Ethics, Ethical Subjectivism, Situation Ethics
Level: Level 2

Topic: Ethics in Business
Series: NOV 2019

CSME – Nov 2021 – L2 – Q4 – Ethics in Business

Evaluate the morality of government approval for the Nesquake coffee processing plant using ethical models.

Question

The maker of Nesquake, a popular coffee brand, is planning to build a coffee processing plant in Epe, Lagos State. By virtue of production capacity, this will be the biggest coffee plant in Sub-Saharan Africa. This plant has the capacity not only to meet the coffee needs of the country but also meet the premium and regular coffee demands of West and Central Africa, generating over one thousand direct and ten thousand indirect jobs in the process. It is anticipated that the plant will provide huge company and personal income tax revenue to the government while also generating foreign exchange for the country. The company plans to use eco-friendly cutting-edge technology in its production processes. However, as the only available option, the company intends to import 100% of the coffee beans from Katanga, an East African country notorious for the use of child labour in the production of coffee beans. Recently, Amnesty International called for the boycott of Katanga’s coffee beans due to what has been adjudged unethical and inhuman labour practices. Despite this fact, the makers of Nesquake have secured all necessary approvals from the Federal Government and have consequently commenced construction of the coffee processing plants.

Required:
Evaluate the morality of government’s approval of the project using the following:
a. Tucker’s 5 Questions model (10 Marks)
b. American Accounting Association (AAA) model (10 Marks)

Answer

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Tags: AAA Model, Business Ethics, Morality, Tucker's 5 Questions
Level: Level 2

Topic: Ethics in Business
Series: NOV 2021

BMF – MAY 2016 – L1 – SA – Q14 – The Business Environment

Multiple choice question on areas of public concern regarding actions of major companies.

Question

The general public might consider that it has a stake or interest in major companies, because the actions of these companies can affect society as a whole. Areas of public concern may include any of the following EXCEPT

A. Public health, especially in the case of food manufacturers and manufacturers of drugs and medicines
B. Protection of the environment, reducing pollution, and creating ‘sustainable businesses’
C. Corruption in business practices
D. The exploitation of the consumer through misleading descriptions of goods
E. Excess profit made by these companies

Answer

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Tags: Business Ethics, Corporate Responsibility, Public Concern
Level: Level 1

Topic: The Business Environment
Series: MAY 2016

CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

Question

b. An adequate understanding of basic concepts and theories of ethics is a prerequisite for the evolution of the skills needed to address ethical issues that could arise while carrying out your duty as a professional accountant. Distinguish between ethical absolutism and ethical relativism. Also, identify THREE types of ethical relativism. (10 Marks)

Answer

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Tags: Business Ethics, Ethical Absolutism, Ethical Relativism, Professional Ethics
Level: Level 2

Topic: Ethics in Business, Professional Ethics
Series: MAR/JULY 2020

SCS – May 2020 – L3 – Q7 – Ethics and Social Responsibility

Identify and explain the ethical issues for Customer Focused Ltd in accepting Look and Like Ltd's proposed contract using an ethical decision model.

Question

Customer Focused Ltd has received a proposal from a potential supplier, Look and Like
Ltd, to provide fresh produce (Exhibit 2a) and is considering whether to accept. Kpakpo
Armah has written a note (Exhibit 2b) about Look and Like Ltd.
Required:
Using the information available, including information you feel relevant from your answer
to Section A:

Explain any ethical issues for Customer Focused Ltd in accepting the proposed contract. Use an ethical decision model to support your explanation.

Answer

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Tags: Business Ethics, Contract Evaluation, Ethical Decision-making, Ethical Models, Social responsibility
Level: Level 3

Topic: Ethics and social responsibility
Series: MAY 2020

BMF – May 2022 – L1 – SB – Q5b – The Role of Professional Accountants in Business and Society

Reasons why companies develop a code of ethics.

Question

State and explain TWO reasons why companies develop a code of ethics.

Answer

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Tags: Business Ethics, Code of Ethics, Corporate Governance
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: MAY 2022

BMIS – Nov 2020 – L1 – Q2a – The business organisation and its stakeholders

Explains the stakeholder theory and outlines the needs of various identified stakeholders.

Question

The successful operations of every organisation depend on its positive relationship with stakeholders like shareholders, employees, customers, government, suppliers, and the community in which it operates.

i) Explain the stakeholder theory.
(3 marks)

ii) Outline TWO (2) needs of these identified stakeholders.
(12 marks)

Answer

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Tags: Business Ethics, Stakeholder Needs, Stakeholder Theory
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2020

Question Tag: Business Ethics

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AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

BL – Nov 2020 – L1 – SA – Q6 – Business Ethics and Corporate Governance

Objective question testing knowledge on moral persuasion in guiding acceptable conduct.

BMF – Nov 2020 – L1 – SB – Q4 – The Role of Professional Accountants in Business and

Explanation of ethical dilemmas, powers of professional bodies, and methods for resolving ethical dilemmas.

CSME – Nov 2015 – L2 – Q3 – Ethics in Business

Describes the nature of business and professional ethics, Kohlberg’s theory of moral development, and criticisms of the theory.

CSME – Nov 2019 – L2 – Q6b – Ethics in Business

Discusses the differences between ethical subjectivism and situation ethics.

CSME – Nov 2021 – L2 – Q4 – Ethics in Business

Evaluate the morality of government approval for the Nesquake coffee processing plant using ethical models.

BMF – MAY 2016 – L1 – SA – Q14 – The Business Environment

Multiple choice question on areas of public concern regarding actions of major companies.

CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

SCS – May 2020 – L3 – Q7 – Ethics and Social Responsibility

Identify and explain the ethical issues for Customer Focused Ltd in accepting Look and Like Ltd's proposed contract using an ethical decision model.

BMF – May 2022 – L1 – SB – Q5b – The Role of Professional Accountants in Business and Society

Reasons why companies develop a code of ethics.

BMIS – Nov 2020 – L1 – Q2a – The business organisation and its stakeholders

Explains the stakeholder theory and outlines the needs of various identified stakeholders.

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AAA – Nov 2013 – L3 – A – Q13 – Environmental and Sustainability Audits

This question assesses the scope of social audit and identifies an area it does not cover.

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BL – Nov 2020 – L1 – SA – Q6 – Business Ethics and Corporate Governance

Objective question testing knowledge on moral persuasion in guiding acceptable conduct.

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BMF – Nov 2020 – L1 – SB – Q4 – The Role of Professional Accountants in Business and

Explanation of ethical dilemmas, powers of professional bodies, and methods for resolving ethical dilemmas.

You're reporting an error for "BMF – Nov 2020 – L1 – SB – Q4 – The Role of Professional Accountants in Business and"

CSME – Nov 2015 – L2 – Q3 – Ethics in Business

Describes the nature of business and professional ethics, Kohlberg’s theory of moral development, and criticisms of the theory.

You're reporting an error for "CSME – Nov 2015 – L2 – Q3 – Ethics in Business"

CSME – Nov 2019 – L2 – Q6b – Ethics in Business

Discusses the differences between ethical subjectivism and situation ethics.

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CSME – Nov 2021 – L2 – Q4 – Ethics in Business

Evaluate the morality of government approval for the Nesquake coffee processing plant using ethical models.

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BMF – MAY 2016 – L1 – SA – Q14 – The Business Environment

Multiple choice question on areas of public concern regarding actions of major companies.

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CSME – Mar/July 2020 – L2 – Q2b – Ethical Absolutism vs Relativism in Accounting

Distinguish between ethical absolutism and ethical relativism and identify types of ethical relativism.

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SCS – May 2020 – L3 – Q7 – Ethics and Social Responsibility

Identify and explain the ethical issues for Customer Focused Ltd in accepting Look and Like Ltd's proposed contract using an ethical decision model.

You're reporting an error for "SCS – May 2020 – L3 – Q7 – Ethics and Social Responsibility"

BMF – May 2022 – L1 – SB – Q5b – The Role of Professional Accountants in Business and Society

Reasons why companies develop a code of ethics.

You're reporting an error for "BMF – May 2022 – L1 – SB – Q5b – The Role of Professional Accountants in Business and Society"

BMIS – Nov 2020 – L1 – Q2a – The business organisation and its stakeholders

Explains the stakeholder theory and outlines the needs of various identified stakeholders.

You're reporting an error for "BMIS – Nov 2020 – L1 – Q2a – The business organisation and its stakeholders"

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Customer

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