CIMA BA4 - Fundamentals of Ethics, Corporate Governance and Business Law
ABC plc has acted in breach of its health and safety obligations and this has led to a number of employees and members of the public being injured. Â
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Which of the following is correct? Â
The breach could give rise to: Â
i. Civil claims on the part of the employees and members of the public
ii. Enforcement action by the Health and Safety Executive
iii. Criminal sanctions against ABC plc
Jo is employed as management accountant of a large retailer. Jo has been asked to call a supplier and promise settlement of their account 'next week'. Jo is aware that her employer will definitely not have sufficient funds available to make the payment. If Jo accepts the request, which of the following 'fundamental principles' of CIMA's Code of Ethics will be compromised?
You work for a clothing retailer. Which of the following corporate issues is NOT related to ethics or social responsibility?
The CIMA Code of Ethics relates to:
Which of the 'fundamental principles' of CIMA's Code of Ethics is defined as follows?
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"A professional accountant should be straightforward and honest in all professional and business relationships"
Z Ltd intends to participate in a "substantial property transaction" with one of its directors. Which of the following is correct in relation to substantial property transactions?Â
(i) The value of the asset must exceed 10% of the company's net assets and be more than £5,000.
(ii) The transaction must be approved by the shareholders.
(iii) The director must disclose his interest in the transaction.
Which of the following need to be proved in order for there to be a misrepresentation? Select ALL that apply.
Y has an opening at his company for a trainee accountant. His nephew is just about to leave school, and Y receives a call from his sister suggesting that her son should get the job. Y's firm has a strict policy with regards to the employment of family members, especially in finance departments. But for Y, looking after his family is very important, and he is sure he will be an excellent staff member.  Y has an ethical dilemma because there is tension between:
In relation to the law of misrepresentation, which of the following statements is incorrect?    Â
What is the rule in Foss v Harbottle (1843)?
You have been charged with the task of reviewing the CSR report for your company, GHI. Which of the following aspects of the report represent a lack of compliance with the Global Reporting Initiative G4 Sustainability Reporting Guidelines?
Which of the following are situations involving conflicts of interest? Select ALL that apply.
How does CIMA support its members in their continual personal improvement?
GHI Ltd has contracted with JKL Ltd. If JKL Ltd acts in breach of a condition, which of the following is correct?
D is the chief executive of a UK-based mining company which has operations across the world and, in some countries, employs children. Child workers are only permitted to undertake certain tasks that are deemed to be safe and not physically demanding. Endorsed by his board of directors, D argues that it is better for children in poor countries to have the option of fairly paid work than to risk starvation or be forced into prostitution or criminality. A national newspaper publishes the story and gets an unprecedented number of UK voters to sign a petition for government to intervene and stop these practices. This is an example of a tension between:
