Bpp learning Media is an acca approved Content Provider

 
Yes 
No 
Openness 


Honesty 


Accountability 


Integrity 


Objectivity 


(b) 
What conflict of interest may arise in the case of the supplier?

Self-review 
threat 

Self-interest 
threat 

Familiarity 
threat 

Intimidation threat
(4 marks)
104 Which of the following would NOT be included in a corporate code of ethics for a company that 
buys products and raw materials from overseas? 

A statement detailing the behavioural standards expected of employees 

A summary of the company’s quality promises to customers 

Details of environmental standards expected of suppliers

A list of the laws and regulations that apply to the company 
(2 marks)
BPP Tutor Toolkit Copy

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PRACTICE QUESTION AND ANSWER BANK 
 
532
 
BPP Tutor Toolkit Copy

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PRACTICE ANSWER BANK 
 
533 
1 Limited 
A limited company is incorporated specifically to create a separate legal entity, allowing for the 
concept of limited liability. A limited company may be either public or private – but this is a 
separate distinction, based mainly on different sources of share capital. 
(Chapter 1)
2 Stakeholders 
Stakeholders are all individuals or groups with a 'stake' in the organisation’s activities or results. 
Shareholders are merely one (connected) stakeholder group, while key players are one 'category' 
of stakeholders in Mendelow's power-interest matrix. 
(Chapter 1)
3 Connected 
Shareholders are connected stakeholders. 
(Chapter 1)
4 (a)