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CIMA BA4 Exam Syllabus Topics:

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

1. Which of the following is INCORRECT regarding the differences between a general partnership and a company limited by shares?
(i) Both a partnership and a company are formed by registration with the Registrar of Companies.
(ii) All partners are agents of the firm and all directors are agents of the company.
(iii) All partners are fully liable for the firm's debts and the company is fully liable for its own debts.

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

2. Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?

A) The appointment of a senior Government representative to the Board
B) The establishment of an audit committee
C) The appointment of independent non-executive directors to the Board
D) The separation of roles of Chairman and Chief Executive

3. Which of the following is correct?
(i) The Court of Appeal is bound by obiter dicta of the Supreme Court.
(ii) The High Court is bound by a Supreme Court ratio decidendi.
(iii) A ratio decidendi of the Court of Appeal is binding on the High Court.

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

4. Which of the following identifies criminal as opposed to civil proceedings?

A) The case resulted in an award of damages.
B) The case was brought by a claimant.
C) The case was proved beyond reasonable doubt.
D) The case was heard by the Supreme Court.

5. Which of the following statements are correct?
(i) A claim for unfair dismissal must be made to an industrial tribunal within 3 months of the effective date of termination.
(ii) A claim for wrongful dismissal must be made to an industrial tribunal within 6 years of the effective date of termination.
(iii) A claim for wrongful dismissal must be made to an industrial tribunal within 3 months of the effective date of termination.

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

Solutions: