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BA4 Exam Dumps - Fundamentals of Ethics, Corporate Governance and Business Law

Searching for workable clues to ace the CIMA BA4 Exam? You’re on the right place! ExamCert has realistic, trusted and authentic exam prep tools to help you achieve your desired credential. ExamCert’s BA4 PDF Study Guide, Testing Engine and Exam Dumps follow a reliable exam preparation strategy, providing you the most relevant and updated study material that is crafted in an easy to learn format of questions and answers. ExamCert’s study tools aim at simplifying all complex and confusing concepts of the exam and introduce you to the real exam scenario and practice it with the help of its testing engine and real exam dumps

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Question # 81

Working late one evening, you see a colleague copying information on to series of CD Roms. He tells you that software is too expensive for him to afford for his home computer but that he needs the software for his own personal use and in case he might take work home at some point. Is this an ethical issue and why?

A.

Yes - unauthorized reproduction would be regarded by the manufacturer as software piracy

B.

Maybe - depending on whether he uses the software for personal or business use

C.

Maybe - depending on whether his income is really insufficient to cover the cost of software purchase

D.

No - one additional copy of the software makes no difference to the manufacturer, so this is not an ethical issue

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Question # 82

Which ONE of the following requires the approval of a simple majority of all the company’s shareholders who are entitled to vote?

A.

A written special resolution.

B.

A special resolution.

C.

A written ordinary resolution.

D.

An ordinary resolution

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Question # 83

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 is able to deal with freely in the ordinary course of business.

C.

A fixed charge is a charge over a class of company assets which the company can deal with freely in the ordinary course of business.

D.

A fixed charge is a charge over a class of company assets which the company is unable to deal with freely in the ordinary course of business.

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Question # 84

X was employed by Bee Ltd as its senior design consultant. X contracted with Bee Ltd that, when his employment with the company ceased, he would not act in competition with it or solicit its customers. After X left Bee Ltd, he registered a company called Cee Ltd which immediately began working in competition with Bee Ltd and soliciting its customers. Bee Ltd complained to X about this conduct, but X stated that, as the work was being undertaken by Cee Ltd, a separate legal entity, X had not acted in breach of the agreement with Bee Ltd.

 

Which of the following statements is correct?           

A.

X is correct and cannot be said to be in breach of the agreement with Bee Ltd.

B.

If the court finds that Cee Ltd was set up by X to avoid the agreement with Bee Ltd, it will "lift the corporate veil" and enforce X's contract with Bee Ltd against X and Cee Ltd.

C.

Cee Ltd will be bound by the agreement because a company is always liable for the actions of its shareholders.

D.

The agreement between Bee Ltd and X is of no legal effect, as it attempts to regulate X's activities after he has left Bee Ltd's employment.

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Question # 85

The IFAC has eight main drivers of sustainable corporate success. Which of the following are included in the eight mam drivers?

1, Innovation and adaptability

2. Effective leadership and strategy.

3. Board control and responsibility

A.

1 only

B.

2 and 3 only

C.

1 and 2 only

D.

2 only

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Question # 86

On the basis of the National Minimum Wages Act 1998, what is the age range for the lowest national minimum wage entitlement?

A.

workers aged 16-18

B.

workers aged 16-17

C.

workers aged 15-17

D.

workers aged 16-19

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Question # 87

Which of the 'fundamental principles' of CIMA's Code of Ethics is defined as follows?

 

"A professional accountant should be straightforward and honest in all professional and business relationships"

A.

Confidentiality

B.

Professional behavior

C.

Objectivity

D.

Integrity

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Question # 88

According to CIMA, which TWO of the following are responsibilities of a professional accountant?

A.

To exclusively satisfy the needs of an individual client or employer

B.

To act in the public interest

C.

To comply with the ethical requirements of an employer's and professional body's code of ethics

D.

To never question the truth of the information provided by an employer or client

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