Free CIMA BA4 Practice Exam with Questions & Answers | Set: 5

Relativity

Reliability

Responsibility

Respect

Identifying and appraising weaknesses in the organisation's management team

Analysing the reported financial performance of one of the organisation's branches

Assessing the organisation's conformance with employment laws and regulations

Appraising the efficiency of one of the organisation's manufacturing processes

Yes - because it could deny customers the choice of certain types of fish

Yes - because it relates to the environmental issue of overfishing and depletion of fish stocks

No - because it will cost the restaurant money to source alternative produce

No - because business cannot be accountable for environmental issues

Employer's interest

Client's interest

CIMA's interest

Public interest

The issue is lawful as ABC Ltd may issue its shares for a non-cash consideration.

The issue is lawful because ABC Ltd does not need to first offer the new shares to its existing members.

The issue is only lawful if the directors have the necessary authority to issue the shares.

The issue is only lawful if ABC Ltd arranges to have the business valued by the company's auditor.

Quality management

Environmental impact reporting

Supply chain management

Brand management

Correctness

Cohesion

Creativity

Courtesy

The separation of the roles of Chairman and Managing Director

The appointment of competent accountants in the finance function

The establishment of an audit committee

The reporting to shareholders of risks and internal controls

The discovery of a significant error during a re-evaluation of the work of the professional accountant in public practice

Reporting on the operation of financial systems after being involved in their design or implementation

A member of the assurance team being, or having recently been, a director or officer of that client

All of the above

The business name of a private company limited by shares must end in “Limited” or “Ltd”.

Both public and private companies may use a business name.

If a business name is used, the name of the proprietor must be stated on business correspondence and at the premises where the business is carried on.

If a business name is used which is the same or very similar to that of an existing business, an action in the tort of passing off may be brought by the existing business.

(i) only

(i) and (ii) only

(ii) only

(ii) and (iii) only

(i) only

(ii) only

(iii) only

(i) and (iii) only

Corporate governance is primarily concerned with the ability to control the activities of board of directors of listed public limited companies.

The majority of shares in listed public companies are usually held by the board so that independent shareholders have insufficient power to exercise control over the board.

Listed public companies in the UK are required to disclose in their annual reports the extent to which they have complied with the requirements of corporate governance.

The UK Corporate Governance Code contains codes of best practice which do not have the force of law.  

Any member.

The holders of at least 10% of the company's issued share capital.

The shareholders as a whole.

The directors.

All limited liability business organizations

All business organizations

All private companies

All listed public companies