CIMAPRA17-BA4-1-ENG

Which of the following is NOT one of the fundamental principles of CIMA's Code of Ethics?A . IntegrityB . ObjectivityC . CourtesyD . Professional behaviorView AnswerAnswer: C

How can a company help employees make the right decision when faced with a difficult situation?A . Offer guiding values and principles to underpin decision-makingB . Threaten them with disciplinary proceduresC . Give them a rule bookD . Have a strong rules-based cultureView AnswerAnswer: A

A professional accountant's social responsibility relates to which TWO of the following?A . Acting in the interests of one's employerB . Seeking to maximize a company's shareholder return on investmentC . Playing a role within global, local, professional or other communitiesD . Fulfilling public dutyView AnswerAnswer: C,D

Which of the following types of committee is NOT required by the UK Corporate Governance Code?A . Remuneration CommitteeB . Audit CommitteeC . Risk Management CommitteeD . Appointments CommitteeView AnswerAnswer: C

Which of the following is incorrect in relation to the remedy of damages?A . A victim of a breach of contract may be unable to recover damages if he has failed to mitigate his loss.B . Mitigation and remoteness of damage are irrelevant where a creditor is suing to recover...

The articles of association of Zed Ltd provide that Z is to be an executive director for life. Zed is also a shareholder in the company. Which ONE of the following is CORRECT?A . Despite the provision in the articles Z can be dismissed at any time by an ordinary...

Which of the following is NOT one of the fundamental principles of CIMA's Code of Ethics?A . MaterialityB . IntegrityC . ObjectivityD . Professional behaviorView AnswerAnswer: A

P contracted to buy a computer from CD (Retailers) Ltd. The contract contained a term excluding liability for any breach of the condition implied by the Sale of Goods Act 1979 that the goods should be of "satisfactory quality". Which of the following is correct?A . If this is a...

Rank the following, starting with the highest court: (i) Court of Appeal (Civil) (ii) Supreme Court (iii) County Court (iv) High CourtA . (ii), (i), (iv), (iii)B . (i), (ii), (iv), (iii)C . (i), (ii), (iii), (v)D . (ii), (iv), (i), (iii)View AnswerAnswer: A

According to the CIMA code of ethics, if appropriate safeguards cannot be identified to address threats to compliance with fundamental principles, a professional accountant should:A . Proceed unless the situation will involve breaking the lawB . Proceed with necessary cautionC . Identify the situation to superiors before continuing with the...