CIMAPRA17-BA4-1-ENG

In relation to the Unfair Contract Terms Act 1977, which of the following is correct? (i) A clause which attempts to exclude liability for death or personal injury caused by negligence is only valid if it is reasonable. (ii) A clause which attempts to exclude liability for damage to property...

Which of the following is a 'financial stakeholder' of an organization?A . MediaB . EmployeeC . Non-governmental organizationsD . CompetitorView AnswerAnswer: B

Which of the following do CIMA members NOT have a specific duty to do?A . Observe the highest standards of conduct and integrityB . Uphold the good standing and reputation of the professionC . Refrain from any conduct which might discredit the professionD . Uphold the good standing and reputation...

Which of the following is incorrect?A . An Act of Parliament is a superior source of law to a decision of the Supreme Court.B . A decision of the Supreme Court is a superior source of law to a decision of the High Court.C . Where there is a conflict...

A company's board of directors is found to have committed widespread fraud and engaged in a wide range of unethical practices. Which of the following is the LEAST likely consequence of this?A . Insolvency or bankruptcy for the companyB . Prison sentences for company directorsC . Loss of credibilityD ....

The holders of a certain minimum percentage of a company's issued share capital are entitled to require the company to circulate a written statement to those entitled to receive notice of the next annual general meeting. What is that minimum percentage?A . 5%.B . 10%.C . 15%.D . 20%.View AnswerAnswer:...

Which of the following is NOT normally a stakeholder of an organization?A . CustomerB . CIMAC . GovernmentD . MediaView AnswerAnswer: B

You are concerned that your boss may have been putting together misleading financial statements for some time. As a well known and well respected accountant, you are concerned that your boss might bring the profession into disrepute. Which TWO of the CIMA Code of Ethics fundamental principles does this affect?A...

Which of the following statements is correct in relation to the "maintenance of capital" principle?A . A company cannot use its share capital which must be set aside as a fund for creditors.B . In general, a company can use its share capital for any reason whatsoever, as long as...

The Articles of Association of Dee Ltd state that the company has power to borrow money and that the directors have authority to borrow up to £200,000 on behalf of the company. The board has resolved to purchase a piece of land for £300,000. The Midwest Bank plc has agreed...