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BA4 Exam Dumps - CIMA Certificate Questions and Answers

Question # 94

Members of private companies often enter into so-called “shareholder agreements”. Which of the following elements of a shareholder agreement are NOT true of articles of association?

(i) A shareholder agreement is a private document not open to public inspection.

(ii) All the provisions of a shareholder agreement have contractual force.

(iii) The terms of a shareholder agreement can only be amended by unanimous consent and not by majority agreement.

Options:

A.

(i) only

B.

(ii) only

C.

(ii) and (iii) only

D.

(i), (ii) and (iii)

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Question # 95

Which of the following groups is a non-financial as opposed to a financial stakeholder of a company?

Options:

A.

Competitors

B.

Shareholders

C.

Customers

D.

Suppliers

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Question # 96

Which of the following is correct?

Options:

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 # 97

Governance denotes the generic way an organization is run with particular emphasis on:

Options:

A.

Accountability, integrity, risk management

B.

Accounting, integrity, risk management

C.

Accountability, integration, financial management

D.

Accounting, integration, financial management

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Question # 98

Which of the following statements is correct following the enactment of the Companies Act 2006?

(i) A public company must hold an annual general meeting within six months of the end of its accounting reference date.

(ii) A private company is no longer required to hold an annual general meeting.

(iii) A private company must give 21 days' notice of a general meeting. 

Options:

A.

(i) and (ii) only

B.

(ii) and (iii) only

C.

(i) and (iii) only

D.

(i), (ii) and (iii)

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Question # 99

In relation to international regulations, which of the following is correct?

i. International regulations seek to establish common standards between professions practicing in different States so as to further international cooperation and agreement.

ii. International regulations agreed by the professional bodies of different States have the force of international law.

iii. International regulations which harmonies standards and procedures may be incorporated into contracts by commerce and the professions.

Options:

A.

(i) only

B.

(i) and (ii) only

C.

(i) and (iii) only

D.

(i), (ii) and (iii)

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Question # 100

Which TWO of the following options describe safeguards that the CIMA Code of Ethics states may eliminate or reduce threats to compliance with fundamental principles to an acceptable level?

Options:

A.

Safeguards created by the Financial Reporting Council

B.

Safeguards created by the profession, legislation or regulation

C.

Safeguards in the governance environment

D.

Safeguards in the work environment

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Question # 101

You work for a pharmaceutical company. Which of the following corporate issues is NOT related to ethics or social responsibility?

Options:

A.

Flying doctors and their families to the Maldives for an all expenses paid working holiday to explain the benefits of one of your new products

B.

Whether to reduce the price of your products in poor countries

C.

Charitable donations

D.

Redesign of the company logo

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Question # 102

In the event of a breach of contract, what is the purpose of damages?

(i) To punish the contract breaker.

(ii) To compensate the innocent party.

(iii) To ensure that the innocent party makes a profit.

Options:

A.

(i) only

B.

(ii) only

C.

(i) and (iii) only

D.

(i), (ii) and (iii).

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Exam Code: BA4
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: Feb 22, 2025
Questions: 661
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