Ch 13: BUSINESS ETHICS AND EMOTIONAL INTELLIGENCE — Study Material & Test Yourself

1(a): Ethics - Meaning, Importance and Nature

5 Marks

With reference to the latest Institute Study Material curriculum for Business Laws And Ethics (CMA Intermediate), critically examine the foundational principles, core concepts, and operational framework of 'Ethics - Meaning, Importance and Nature'. Elucidate: (i) the primary statutory / regulatory basis; (ii) standard operating procedure and compliance requirements; and (iii) illustrative examples demonstrating practical application.

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1(b): The “Seven Principles of Public Life” - Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership

5 Marks

Review the self-assessment and practical guidelines provided in the study material concerning 'The “Seven Principles of Public Life” - Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership' under Business Laws And Ethics (CMA Intermediate). Detail: (i) the substantive criteria and legal thresholds; (ii) the computational methodology and accounting/statutory adjustments; and (iii) the prescribed disclosures in statutory reporting.

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2(a): The Relationship between Ethics and Law

5 Marks

Based on the curriculum learning objectives of Business Laws And Ethics (CMA Intermediate), analyze the statutory implications of 'The Relationship between Ethics and Law'. Specifically discuss: (i) governing legislative sections, rules, or standards; (ii) rights, liabilities, and duties of concerned parties; and (iii) penal consequences or regulatory remedies in case of default.

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2(b): Business Ethics and its Relevance to Business

5 Marks

Explain the analytical framework governing 'Business Ethics and its Relevance to Business' as elucidated in the study material of Business Laws And Ethics (CMA Intermediate). Your answer must address: (i) key definitions and scope; (ii) statutory exceptions or safe harbor provisions; and (iii) best practice compliance measures.

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3(a): Values and Attitudes of Professional Accountants

5 Marks

With reference to the latest Institute Study Material curriculum for Business Laws And Ethics (CMA Intermediate), critically examine the foundational principles, core concepts, and operational framework of 'Values and Attitudes of Professional Accountants'. Elucidate: (i) the primary statutory / regulatory basis; (ii) standard operating procedure and compliance requirements; and (iii) illustrative examples demonstrating practical application.

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3(b): Primary Norms of Business Ethics - Honesty, Accountability etc., the Application in Decisions regarding Employers, Finance and Trading

5 Marks

Review the self-assessment and practical guidelines provided in the study material concerning 'Primary Norms of Business Ethics - Honesty, Accountability etc., the Application in Decisions regarding Employers, Finance and Trading' under Business Laws And Ethics (CMA Intermediate). Detail: (i) the substantive criteria and legal thresholds; (ii) the computational methodology and accounting/statutory adjustments; and (iii) the prescribed disclosures in statutory reporting.

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