Online Access Free BA4 Practice Test

Intimidation threats to compliance with fundamental principles are described as threats that may occur

• A.as a result of the financial or other interests of a professional accountant or of an immediate or close family member
• B.when a previous judgment needs to be re-evaluated by the professional accountant responsible for that judgment
• C.when a professional accountant promotes a position or opinion to the point that subsequent objectivity may be compromised
• D.when a professional accountant may be deterred from acting objectively by threats, actual or perceived

You work for a company that designs and manufactures children's toys. Which of the following is NOT an example of social responsibility that your company might choose to address?

• A.The use of chemicals in manufacturing
• B.Whether the recommended retail price of a particular product provides sufficient margin after the unit cost of production is taken into account
• C.The welfare of workers who assemble the company's products
• D.The environmental impact of transporting toys from the country of manufacture to the country of sale

Stefan takes his car to the local Car wash to get it cleaned. However, when he comes back an hour later, he finds that, although the car has been cleaned, the car has also been damaged, with scratch marks running down all of the left side.
What type of term applied to this situation:

• A.Condition
• B.Statutory Implied Term
• C.Warranty
• D.Court Implied Term
• E.Innominate term
• F.Express Term
• G.Incorporated term

A business that has an internal ethical code is likely to experience which of the following benefits? Select ALL that apply.

• A.Reduced risk
• B.Consistency of conduct
• C.Better communication with staff
• D.Competitive advantage
• E.Improved reputation

What is a fundamental attribute of a competent accountant?

• A.Ability to calculate correctly
• B.Ability to exercise good judgment
• C.Ability to communicate effectively
• D.Ability to be efficient