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Business ethics

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Business ethics

  • This topic has 3 replies, 3 voices, and was last updated 2 months ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
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  • January 10, 2023 at 7:28 pm #675588
    Sarowar
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    The finance director of Smoke Co is an ACCA member. He has been asked to pay a bribe to secure a contract in a country in which bribery is commonplace

    Which of the following statements is correct?

    The bribe should be paid because it is in the interests of the company

    The bribe is unacceptable because it distorts business efficiency

    The bribe is acceptable because it is normal business practice in the country

    January 11, 2023 at 8:10 am #675604
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10224
    • ☆☆☆☆☆

    I would think the right answer is B. A and C are wrong.

    The use of the term “business efficiency” might be difficult. Here, it really means economic efficiency meaning that contracts are placed with the most suitable companies not those who pay bribes.

    January 13, 2023 at 5:08 am #675795
    arslan.ansari
    Participant
    • Topics: 8
    • Replies: 2
    • ☆

    can’t C be the answer as the place is common for bribery

    January 13, 2023 at 9:05 am #675817
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10224
    • ☆☆☆☆☆

    So how would that reconcile with the ACCA’s Fundamental Ethical Concepts, which include integrity and objectivity?

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