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Which of the following statements is correct?
Which of the following statements is correct?A . An employer is vicariously liable for all acts of his employees committed in the course of their employment.B . An employer is vicariously liable for torts committed by his employees in the course of their employment.C . An employer is vicariously liable...
In the UK, the body responsible for promoting confidence in corporate reporting and governance is:
In the UK, the body responsible for promoting confidence in corporate reporting and governance is:A . The Professional Oversight Board for AccountancyB . The International Federation of AccountantsC . The Financial Reporting CouncilD . The Financial Review BoardView AnswerAnswer: C
Which of the following is correct?
Which of the following is correct?A . A fixed charge is a charge over a specific asset of the company which it is unable to deal with freely in the ordinary course of business.B . A fixed charge is a charge over a specific asset of the company which it...
Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?
Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?A . The separation of roles of Chairman and Chief ExecutiveB . The appointment of a senior Government representative to the BoardC . The appointment of independent non-executive directors to the BoardD . The...
Which of the following statements is incorrect in relation to written resolutions?
Which of the following statements is incorrect in relation to written resolutions?A . Written resolutions may only be passed by private companies.B . In most cases, a written resolution may be used instead of holding a general meeting.C . A written resolution can be used in place of an ordinary...
Which of the following is NOT one of the fundamental principles of CIMA's Code of Ethics?
Which of the following is NOT one of the fundamental principles of CIMA's Code of Ethics?A . IntegrityB . Professional behaviorC . ObjectivityD . AccountabilityView AnswerAnswer: D
Which of the following is incorrect?
Which of the following is incorrect?A . Subject to the company's Articles of Association, shareholder approval is not required to enable the company to borrow money.B . Subject to the company's Articles of Association, shareholder approval is not required to authorise the issue of shares direct to one person for...
What is the position if Exe cashes the cheque?
Wye has borrowed £10,000 from Exe and the loan has now become repayable in full. Exe has received a cheque from Wye for £9,000 stated to be “in full and final settlement of the loan.” What is the position if Exe cashes the cheque? (i) Exe will have accepted £9,000...
Which of the following may be liable to contribute to the assets of the company in the event of the company carrying on business at a time when it appeared that insolvency was inevitable?
Which of the following may be liable to contribute to the assets of the company in the event of the company carrying on business at a time when it appeared that insolvency was inevitable?A . The current directors and shareholders of the company.B . The current and former directors of...
Which of the following statements is incorrect?
Which of the following statements is incorrect?A . A person who signs a contract is deemed to have read it.B . A person is assumed to know of a term of which he has been given reasonable notice at or before the time of the contract.C . A person seeking...
