Stylish Chairs

Stylish Chairs is a small company that makes and sells copies of an 18^th-century rococo chair. The company is managed by Benny, and you are an intern working at Stylish Chairs.

Question 1

One of your high school classmates who poses himself as an entrepreneur in social media and recently got the investment from a venture capital. He runs a small manufacturing firm and wants to expand his business into furniture. He has offered you a one chance in a lifetime of becoming his partner in this new incredible furniture business. The entrepreneur has offered you a partnership in this venture under the condition you share with him the Stylish Chairs' customers contact list. The entrepreneur has guaranteed you a commission for any Stylish Chairs' customer who buys his new furniture.

Required

State the fundamental principle, as provided by the Chartered Institute of Management Accountants' (CIMA) Code of Ethics^[1], which is being jeopardized and justify why the standard is being jeopardized, if you accept the offer. Please elaborate on whether or how the business offer could be accepted without jeopardizing any ethical fundamental principle.

[1]This is the additional reading for this unit. A copy of the document is available athttps://www.cimaglobal.com/Professionalism/Ethics/CIMA-code-of-ethics-for-professional-accountants/