Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
December 2023 - June 2024 exams: Get your discount code >>
May 7, 2023 at 1:47 pm
Hello Sir, I have a question that how be ethically is not costly?
July 23, 2023 at 11:10 pm
Risk and Cost: When the risk is low, it means there’s less chance of something going wrong or causing problems. Ethical organizations, which follow good principles and rules, often have fewer issues to deal with. Because of this, they don’t need to spend as much money on fixing problems or dealing with legal issues. So, lower risk leads to lower costs for ethical organizations.
Getting Money at Lower Rates: Banks and other places that provide money to organizations (like loans) want to make sure they’ll get their money back. If an organization is ethical and has low risk, it’s seen as a safer investment. As a result, these providers of money are more willing to give the money at lower interest rates, meaning the ethical organization can borrow money more affordably.
Ken Garrett says
July 24, 2023 at 10:20 am
I assuming you are referring to Q3.
There might be initial costs to ethical behaviour (eg not winning a contract because you refuse to use bribery). However, the assumption is that, in the long run your sins will find you out and you will be subject to reputational damage and perhaps legal sanctions. These costs are likely to outweigh the initial benefit.
September 23, 2023 at 2:34 pm
don’t want to be rude but if you’ve spent any considerable time in the industry then you and I both know this is honestly rubbish.
March 2, 2023 at 4:28 pm
I had to do the retake, and passed it, so glad
March 2, 2023 at 5:33 pm
September 6, 2022 at 4:44 am
i cant find the review tab can someone please help
September 23, 2022 at 9:47 am
You have to score atleast pass mark
June 8, 2022 at 5:13 am
Sir I thought being ethical reduces risks but how so is not costly
November 10, 2021 at 1:55 pm
Please increase questions for better practice & reparation for exam.
April 15, 2021 at 5:01 pm
Good evening, May i clarify on the question ‘The deontological approach’
The textbook quote Ethics can be approached either by consequentialism or duty (the deontological approach )
Does that mean the deontological approach is similar to Consequentialism/Duty?
April 15, 2021 at 6:22 pm
Deontology means ‘duty’. Deontology states that the morality or ethics of an action should be judged on whether the action is right or wrong according to a series of rules, rather than being based on the consequences of the action.
Consequentialism is the theory that judges an action by what its consequences are. For instance, generally people agree that killing someone is wrong, but if killing someone (eg a terrorist) saves other lives then consequentialism says that would be the right thing to do.
February 2, 2021 at 2:03 pm
Hello , please help to solve my issue , after completing practise test i cant find any option to review quiz…plss fix the issue
December 8, 2020 at 11:35 am
Excuse me Sir Effectiveness is also not include in UK cooperate governance code???
December 8, 2020 at 1:52 pm
See the notes: Every company should be headed by an effective board
June 13, 2019 at 10:41 am
100%but would definitely be more beneficial if the practice questions are increased and this goes for all the chapters.thank you
April 2, 2020 at 2:18 pm
I agree. More questions would help us grill those chapters faster, not that I am not thankful. The lectures and notes are both very helpful. 🙂
April 2, 2020 at 3:16 pm
We provide only relatively few questions to make you think after each chapter. Before the exam you need to practise many, many questions so you need to buy a revision kit/question bank from BPP or Kaplan. You get a 20% discount if you buy BPP books through this site.
January 18, 2019 at 10:05 am
Thank you, if there are many questions, it would be more beneficial to practise…
December 4, 2018 at 10:39 pm
You must be logged in to post a comment.