CIMA BA4 : Fundamentals of Ethics - Corporate Governance and Business Law

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CIMA BA4 Exam Syllabus Topics:

CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:

1. What is the purpose of the equitable remedy of rescission?

A) To prevent a party from acting in breach of contract.
B) To force the party in breach to carry out the contract.
C) To place the parties in their pre-contract position.
D) To ensure that the innocent party is adequately compensated.

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

A) at least 2 years
B) at least 3 years
C) at least 9 months
D) at least 6 months

3. Allowing bias, conflict of interest or undue influence of others to override professional or business judgments violates the CIMA Code of Ethics fundamental principle of:

A) Truthfulness
B) Transparency
C) Objectivity
D) Objection

4. In which of the following situations has a contract of employment arisen?

A) A verbal offer of work is made to P at a given pay rate per hour for specified services The offer is not accepted by P either verbally or in writing but P turns up for work and performs the duties identified in the offer.
B) A verbal offer of work is made to Q at a given pay rate for specified services. The offer is not accepted by Q either verbally or in writing and Q does not turn up for work
C) A verbal offer of work is made to S for the possibility of duties at a specified pay rate but the employer makes it explicit that, as the need for the services is not yet certain S is free to work elsewhere
D) A written offer of work is made to R which specifies the services required but omits the pay rate for the job. This is not accepted by R either in writing or verbally and R does not turn up for work

5. You work for a clothing retailer. Which of the following corporate issues is NOT related to ethics or social responsibility?

A) Whether your clothes appeal to your target markets
B) Sweatshop labor
C) The use of natural or organic material in your clothes
D) Knowingly selling fake versions of this season's high profile designer clothes

Solutions: