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BMIS – L1 – SA – Q13.5 – Professional ethics in accounting and business

Identifies what is not a key element of an ethical code.

Question

Which of the following is NOT a key element of an ethical code?

A Adhering to the highest standards of honesty, integrity and fairness

B Seeking or accepting favours which are beneficial to the business

C Avoiding involvement in any decisions that could bring about conflict of interest

D Avoiding any financial interest in contracts awarded by the company

Answer

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Tags: Conflict of Interest, Ethical code, Ethics, Fairness, Integrity
Level: Level 1

Topic: Professional ethics in accounting and business

BMIS – L1 – QD15 Rewards – Extrinsic and Intrinsic

Differentiate between extrinsic and intrinsic rewards with examples.

Question

(a). Differentiate between extrinsic and intrinsic rewards including examples of each.

(b). Explain the concept of equity and organisational justice including the four categories of perceptions of fairness in the workplace.

Answer

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Tags: Employee Perceptions, Equity, Fairness, Motivation, Organisational Justice
Level: Level 1

Topic: Motivation

BCL – L1 – Q3 – Maxims of Equity

Identify four maxims of equity that supplement common law for fairness.

Question

Equity is a term which applies to a specific set of legal principles which were developed to supplement the common law and to ensure fairness in the adjudication of matters. Required:

Identify FOUR (4) maxims of equity.

Answer

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Tags: Common Law, Equity, Fairness, Maxims of Equity
Level: Level 1

Topic: Sources of Law

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BMIS – L1 – SA – Q13.5 – Professional ethics in accounting and business

Identifies what is not a key element of an ethical code.

BMIS – L1 – QD15 Rewards – Extrinsic and Intrinsic

Differentiate between extrinsic and intrinsic rewards with examples.

BCL – L1 – Q3 – Maxims of Equity

Identify four maxims of equity that supplement common law for fairness.

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Tag (SQ): Fairness

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BMIS – L1 – SA – Q13.5 – Professional ethics in accounting and business

Identifies what is not a key element of an ethical code.

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BMIS – L1 – QD15 Rewards – Extrinsic and Intrinsic

Differentiate between extrinsic and intrinsic rewards with examples.

You're reporting an error for "BMIS – L1 – QD15 Rewards – Extrinsic and Intrinsic"

BCL – L1 – Q3 – Maxims of Equity

Identify four maxims of equity that supplement common law for fairness.

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