It can be said that ethics is a set of moral principles underpinning the concept of right and wrong.
Whether an action is actually right or wrong depends on which of the following?
Select ALL that apply.

• A.The organisational policy
• B.The consequences of the action
• C.The government policy
• D.The motivation for the action
• E.The key values associated with the action
• F.The legality of the action

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An electrical goods company produces colourful brochures for customers.
Which element of the marketing mix does this represent?

• A.Physical evidence
• B.Packaging
• C.Product
• D.Price

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Corporate governance in the UK, that provides guidance regarding areas such as directors, internal controls and remuneration, is largely defined by which of the following?

• A.Combined Code
• B.Greenbury report
• C.Cadbury report
• D.Hampel report

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There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.
Below are different components of the finance function. Match these with the examples of responsibilities listed.

Correct Answer:

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Which of the following is a reason why businesses need to prepare statutory reports?

• A.To help compare budget with actual performance.
• B.To decide on their foreign exchange hedging policy.
• C.To ensure they have enough inventory on hand for production.
• D.To inform the investors how profitable the business is.

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