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CIMA Exam CIMAPRA17-BA4-1 Topic 11 Question 57 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 57
Topic #: 11
[All CIMAPRA17-BA4-1 Questions]

A situation has arisen which will involve you participating in transactions which are legally correct but ethically unsound.

Which of the following is correct?

(i) It is not possible for a transaction to be both legal and ethically unsound.

(ii) As long as the transactions are legal you are acting properly in participating.

(iii) One of the purposes of ethical codes is to guide professionals as to how to behave even when the proposed transactions are legal.

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Suggested Answer: C

by Gayla at Aug 19, 2022, 10:26 PM

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Staci
30 days ago
Wait, so they're asking us to do something that's technically legal but feels wrong? Sounds like a job for Captain Ethical Gymnastics! I'm going with (iii) - gotta love those ethical codes.
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Nieves
1 months ago
I think (iii) is the correct answer here. We have ethical codes to guide us, even when the law doesn't necessarily catch up with morality. I'm not going to participate in something just because it's legal if it goes against my principles.
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Louann
1 months ago
Haha, I love how they're trying to trick us with this question. It's like they want us to be ethical superheroes or something. I'm going with (ii) - as long as it's legal, I'm in!
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Dong
1 months ago
Hmm, this is a tricky one. I suppose (iii) makes the most sense - we have ethical codes for a reason, even if the transactions are technically legal.
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Tricia
1 days ago
Because sometimes what is legal may not always be what is right.
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Tomoko
10 days ago
But isn't it enough to just follow the law? Why do we need to consider ethics as well?
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Gertude
14 days ago
Not necessarily, we have to consider the ethical implications as well.
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Latricia
15 days ago
But if it's legal, isn't that enough to participate in the transactions?
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Lashawnda
16 days ago
I agree, ethical codes are there to guide us even when something is legal.
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Sheridan
18 days ago
I agree, ethical codes are there to guide us even when transactions are legal.
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Ivan
2 months ago
What do you mean by 'ethically unsound'? If it's legal, I'm good to go. Ethics are for people with too much time on their hands.
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Serina
21 days ago
Ethical codes help guide professionals in making decisions.
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Theodora
27 days ago
It's possible for a transaction to be legal but ethically unsound.
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Sharmaine
1 months ago
Ethics are important even if something is legal.
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Delisa
3 months ago
So, the correct answer would be (iii) only, right?
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Yvette
3 months ago
I agree with you, Carmela. Ethical codes help guide our behavior even when transactions are legal.
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Carmela
3 months ago
I think it's important to consider ethics in addition to legality.
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