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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20 hours ago

What do you mean by 'ethically unsound'? If it's legal, I'm good to go. Ethics are for people with too much time on their hands.

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22 days ago

So, the correct answer would be (iii) only, right?

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23 days ago

I agree with you, Carmela. Ethical codes help guide our behavior even when transactions are legal.

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26 days ago

I think it's important to consider ethics in addition to legality.

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