CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 124 Topic 13 Discussion

CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 124 Topic 13 Discussion

BA4 Exam Topic 13 Question 124 Discussion:
Question #: 124
Topic #: 13

There are several different schools of ethics. Which of the following best represents the ethical approach adopted by the accountancy profession?


A.

People have a duty to comply with a set of universal principles that apply irrespective of the consequences of their actions


B.

The guiding principle of conduct should be the greatest happiness or benefit of the greatest number.


C.

People should act in their own best interests and an action is only right if it benefits the individual undertaking that action


D.

Virtues such as charity and justice are dispositions to act in ways that benefit both the person possessing them, and society as a whole


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