CIMA Exam CIMAPRA17-BA4-1 Topic 11 Question 57 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 57
Topic #: 11

A situation has arisen which will involve you participating in transactions which are legally correct but ethically unsound.

Which of the following is correct?

(i) It is not possible for a transaction to be both legal and ethically unsound.

(ii) As long as the transactions are legal you are acting properly in participating.

(iii) One of the purposes of ethical codes is to guide professionals as to how to behave even when the proposed transactions are legal.

A(i) only

B(ii) only

C(iii) only

D(i) and (ii) only

Show Suggested Answer

Suggested Answer: C

by Gayla at Aug 19, 2022, 10:26 PM

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Staci

1 months ago

Wait, so they're asking us to do something that's technically legal but feels wrong? Sounds like a job for Captain Ethical Gymnastics! I'm going with (iii) - gotta love those ethical codes.

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I think (iii) is the correct answer here. We have ethical codes to guide us, even when the law doesn't necessarily catch up with morality. I'm not going to participate in something just because it's legal if it goes against my principles.

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Louann

1 months ago

Haha, I love how they're trying to trick us with this question. It's like they want us to be ethical superheroes or something. I'm going with (ii) - as long as it's legal, I'm in!

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