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Free CIMA BA4 Practice Exam with Questions & Answers | Set: 11

Questions 151

P contracted to buy a computer from CD (Retailers) Ltd. The contract contained a term excluding liability for any breach of the condition implied by the Sale of Goods Act 1979 that the goods should be of "satisfactory quality".

 

Which of the following is correct?

Options:
A.

If this is a consumer sale the clause is void.

B.

If this is a non-consumer sale the clause is valid.

C.

Conditions implied by the Sale of Goods Act 1979 cannot be excluded in any kind of sale.

D.

If this is a consumer sale the clause is void unless it can be shown to be reasonable.

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Questions 152

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

Options:
A.

The separation of the roles of Chairman and Chief Executive

B.

The appointment of independent non-executive directors to the Board

C.

The establishment of a Risk Committee

D.

The appointment of a competent Company Secretary

Questions 153

Why does life-long learning require commitment? Choose TWO options.

Options:
A.

Rapid advances in technology

B.

Evolving regulations

C.

Career progression

D.

Computer virus-protection

Questions 154

Which of the following is NOT a 'financial stakeholder' of an organization?

Options:
A.

Customer

B.

Media

C.

Employee

D.

Government

Questions 155

Paul has been held personally liable to contribute to the assets of P Ltd as a result of his "fraudulent trading" under Section 213 of the Insolvency Act 1986. The court is about to disqualify Paul from acting as a director. What is the maximum period for which he may be disqualified?

Options:
A.

No maximum.

B.

5 years.

C.

10 years.      

D.

15 years.

Questions 156

Which of the following is the main legislature within the European Union?

Options:
A.

The Council of the European Union

B.

The European Parliament

C.

The European Court of Justice

D.

The European Commission

Questions 157

Which of the following remedies is not available for a breach of a contract to provide personal services?

Options:
A.

Damages.

B.

A decree of specific performance.

C.

An injunction.

D.

Rescission.

Questions 158

Exe Ltd was registered in 1980 and has an objects clause in its Memorandum of Association. What is the current status of Exe Ltd's objects clause?

Options:
A.

The objects clause will be treated as if it remains in the Memorandum of Association.

B.

The objects clause will be treated as if it is a provision in the Articles of Association.

C.

Exe Ltd will be treated as if it has no objects clause.

D.

The objects clause will be treated as if it only applies to Exe Ltd's directors.

Questions 159

All policies for governance and social responsibility are ultimately rooted in an organization's:

Options:
A.

Values and code of ethics

B.

The Board

C.

Stakeholder relationships

D.

The Government

Questions 160

Which of the following is incorrect in relation to the remedy of damages?

Options:
A.

A victim of a breach of contract may be unable to recover damages if he has failed to mitigate his loss.

B.

Mitigation and remoteness of damage are irrelevant where a creditor is suing to recover an agreed debt.

C.

A penalty clause in a contract cannot be enforced.

D.

Damages cannot be claimed for a breach of a contract to provide personal services.

Questions 161

C tends to be polite to colleagues when they are present, but very rude about them in their absence. She lacks the personal quality identified by CIMA as:

Options:
A.

Respect

B.

Responsibility

C.

Reliability

D.

Reserve

Questions 162

Which of the following is NOT normally a stakeholder of an organization?

Options:
A.

Customer

B.

CIMA

C.

Government

D.

Media

Questions 163

Which of the following is a common law remedy?

Options:
A.

Damages

B.

An injunction

C.

Specific performance

D.

Rescission

Questions 164

N is a CIMA qualified accountant working within a complex and evolving organisation A new HR manager. Q, has been employed and has reviewed the salaries of the accounting team in order to reduce the expense to the company.

Q suggests that N's position could be outsourced to an accounting servicing company to save money. This outsourcing team does not employ professionally qualified accountants

N's finance director emphatically disagrees with Q's suggestion

Which THREE of the following are justifications for retaining N's services?

As a CIMA qualified accountant N

Options:
A.

takes personal responsibility for ensuring that he is professionally competent to undertake work for the company

B.

takes personal responsibility for ensuring that the information he provides is unbiased and unaffected by conflicts of interest

C.

takes personal responsibility for ensuring that he is independent in his relationship with his employer.

D.

takes personal responsibility for ensuring that he is straightforward and honest in his business dealings

E.

takes personal responsibility for ensuring that his behavior complies only with that of his professional body and therefore the company can have confidence in his work and complain to his professional body if they are unhappy

F.

takes personal responsibility for ensuring the accuracy and validity of the judgments of his directors in assessing the risk appetite of the company.

Questions 165

Self regulation is based upon:

Options:
A.

Trust

B.

Compliance

C.

Rules

D.

Professional bodies

Exam Code: BA4
Certification Provider: CIMA
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: Jul 15, 2025
Questions: 661

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