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BA4 Exam Dumps - CIMA Certificate Questions and Answers

Question # 54

As a general rule, what period of continuous employment is required before a person can make a claim for unfair dismissal?

Options:

A.

at least 6 months

B.

at least 9 months

C.

at least 2 years

D.

at least 3 years

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Question # 55

S is management accountant for a small retail company. S has discovered a possible fraud in the purchasing department. The manager of that department has told S that he is aware of the fraud and will 'deal with it'.

 

Which ONE of the following would it be appropriate for S to do?

Options:

A.

Nothing

B.

Advise a director of the company

C.

Ask for confirmation in writing from the manager

D.

Bring the matter to the attention of the police

E.

Ask for advice from the company's external auditors

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Question # 56

Which of the following is correct in relation to financial assistance for the purchase of its own shares provided by a private company?

Options:

A.

Financial assistance is a criminal offence on the part of the company

B.

The directors may be fined if they allow the company to provide financial assistance

C.

In general the existing prohibition has been removed for private companies

D.

Financial assistance cannot be used where a majority shareholder is retiring

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Question # 57

Which of the following sources of law is not binding upon the Supreme Court?

Options:

A.

A Statutory Instrument.

B.

A European Council regulation.

C.

A previous decision of the House of Lords.

D.

A provision in an Act of Parliament.

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Question # 58

Which TWO of the following are true of CIMA's conceptual framework approach to ethics?

Options:

A.

It provides an exhaustive list of all circumstances experienced by a professional accountant that may create threats to compliance with the fundamental principles

B.

It defines all relevant safeguards

C.

It requires a professional accountant to identify, evaluate and address threats to compliance with the fundamental principles

D.

It is not sufficient for a professional accountant in public practice merely to comply with the examples presented; rather, the framework should be applied to the particular circumstances faced

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Question # 59

You are the manager of the finance function of a large engineering company According to IFAC's drivers of sustainable corporate success, which of the following would be a method by which you could improve the value of your department to the company?

Options:

A.

Providing ethical leadership which focuses on minimizing environmental costs sustainably.

B.

Providing ethical and strategic leadership which focuses on sustainable value creation.

C.

Providing strategic leadership which sustains the maximization of short term value.

D.

Providing sustainable ethical and strategic leadership which focuses on operating profit.

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Question # 60

ABC Ltd has contracted with DEF Ltd. If ABC Ltd acts in breach of a warranty, which of the following is correct? 

(i) DEF Ltd may terminate the contract and sue for damages.

(ii) DEF Ltd may sue for damages but may not terminate the contract.

(iii) DEF Ltd may ignore the breach and continue with the contract. 

Options:

A.

(i) only

B.

(i) and (iii) only

C.

(ii) and (iii) only

D.

(i), (ii) and (iii)

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Question # 61

SuperSole is a large shoe company that sells its products all over the world. It has many factories and stores in many different countries, and its yearly revenues often exceed £100 million. The company is also listen on

the stock exchange.

Should SuperSole have its own internal auditing department?

Options:

A.

Yes - Its large size and complexity increases the need for an internal auditing department.

B.

Yes - All companies should have their own internal auditing department.

C.

No - Only small companies need an internal auditing department.

D.

No - All companies should be externally audited.

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Question # 62

Which of the following statements is correct?

(i) The written statement of particulars of employment is the contract of employment and every employee with one month's service is entitled to receive a copy.

(ii) The written statement of particulars of employment is not the contract of employment.

(iii) The written statement of particulars of employment may be the best evidence of the terms of the contract and every employee with one month's service is entitled to receive a copy. 

Options:

A.

(i) only

B.

(ii) only

C.

(iii) only

D.

(ii) and (iii) only

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Question # 63

A company wants to let its employees know that fraud will not be tolerated. It also wants to inform them of the consequences of committing fraud.

Which of the following would best achieve this?

Options:

A.

A fraud policy statement

B.

A fraud response plan

C.

A public relations plan

D.

Outlining clear disciplinary procedures

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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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