Pass the CIMA Certificate BA4 Questions and answers with ExamsMirror

The company is to be treated as if it has unlimited objects.

The company may choose to restrict its objects by including provisions to that effect in its Articles of Association.

The company will not be able to place any restrictions on its objects clause.

If the company has restrictions on its objects they may be amended by special resolution.

A ratio decidendi of the Supreme Court is binding on the Court of Appeal.

The Supreme Court is bound by a previous House of Lords ratio decidendi.

A ratio decidendi of the Court of Appeal is binding on the High Court.

A ratio decidendi of the Supreme Court is binding on the High Court.

Transparency, competitiveness and value

Independence, objectivity and competitiveness

Transparency, value and integrity

Independence, objectivity and integrity

Whether advertisers are given more favorable editorial coverage than other companies that do not advertise in your company's magazines

Whether the paper used for the magazines comes from sustainably managed forests or can be recycled

Whether your company's magazines are more popular than competitor titles  

Whether sales targets are so high that they implicitly encourage salespeople to ignore corporate values and principles

(ii), (i), (iv), (iii)

(i), (ii), (iv), (iii)

(i), (ii), (iii), (v)

(ii), (iv), (i), (iii)

Yes - unauthorized reproduction would be regarded by the manufacturer as software piracy

Maybe - depending on whether he uses the software for personal or business use

Maybe - depending on whether his income is really insufficient to cover the cost of software purchase

No - one additional copy of the software makes no difference to the manufacturer, so this is not an ethical issue

(i) only

(ii) only

(i) and (iii) only

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

the company and its directors

the company and its customers

the company and its members

the company and its creditors

A conditional offer cannot be accepted until the condition has been satisfied

A revocation of an offer is only valid when it is received by the offeree, unless it is sent by post in which case it is valid as soon as it is posted

Even if the parties are fully in agreement, the agreement will be unenforceable unless at least one of the parties has provided consideration

A request for further information in relation to an offer has the effect of cancelling the offer

If an offer is rejected it can only be revived by the person who made the offer

Once an offer has been made it does not exist forever but will lapse after a reasonable time

The duty to provide work.

The duty to obey the employer's lawful instructions.

The duty to maintain mutual trust and confidence.

The duty not to disclose confidential information.    

Acting in the interests of one's employer

Seeking to maximize a company's shareholder return on investment

Playing a role within global, local, professional or other communities

Fulfilling public duty

The Professional Oversight Board for Accountancy

The International Federation of Accountants

The Financial Reporting Council

The Financial Review Board

at least 6 months

at least 9 months

at least 2 years

at least 3 years

Legal requirements for professional accountants

Standards of behavior for professional accountants

Judicial requirements for professional accountants

Standards of commitment for professional accountants

Written resolutions may only be passed by private companies.

In most cases, a written resolution may be used instead of holding a general meeting.

A written resolution can be used in place of an ordinary or special resolution.

A written resolution is only valid when it has been signed by all those who were entitled to attend and vote at company meetings.