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CIMA BA4 Exam Syllabus Topics:

CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:

1. In relation to the company secretary which of the following is correct?
(i) A public company must have a company secretary who is appropriately qualified (ii) A member of CIMA is qualified to act as a company secretary (iii) A private company may choose to have a company secretary and if so he/she must be appropriately qualified

A) (ii) only
B) (i), (ii) and (iii)
C) (i) and (ii) only
D) (i) only

2. Which of the following statements is correct regarding dismissal?

A) An employee who has been dismissed because of membership of a trade union has been wrongfully dismissed
B) An employee who is dismissed without the correct notice has been unfairly dismissed
C) An employee who has been wrongfully dismissed may claim damages and reinstatement
D) An employee who has been unfairly dismissed may claim compensation

3. The CIMA Code of Ethics relates to:

A) Professional accountants in the third sector only
B) Professional accountants in public practice only
C) Professional accountants in business only
D) Professional accountants in public practice and business

4. After the enactment of the Companies Act 2006, which of the following is incorrect in relation to a reduction of capital by a private company?

A) It is not necessary for the company's Articles of Association to authorize a reduction
B) The shareholders must pass a special resolution
C) The directors must make a statement as to the company's solvency
D) The reduction must be approved by the court

5. Which of the following statements is correct?
(i) A term may be implied into a contract by statute.
(ii) A term may be implied into a contract on the ground that it is a trade custom.
(iii) A term may be implied into a contract by a court in order to give the agreement "business efficacy".

A) (i), (ii) and (iii)
B) (i) and (ii) only
C) (i) only
D) (iii) only

Solutions: