CIMA BA4 Exam Questions Free Practice Test

Viewing page 6 out of 14 pages

Viewing questions 76-90 out of questions

Questions # 76:

Which of the following is one of the fundamental principles identified in the CIMA Code of Ethics?

Options:

Objectivity

Observation

Obedience

Obsession

Expert Solution

Questions # 77:

The board of Wye Ltd has resolved to issue £100,000 of redeemable preference shares. Which of the following is correct?

(i) The company must have issued at least one non-redeemable share.

(ii) The company must redeem them at not less than their nominal value.

(iii) A holder of a redeemable share must also hold at least one ordinary share in the company.

Options:

(i) only

(i) and (ii) only

(ii) and (iii) only

(i), (ii) and (iii)

Expert Solution

Questions # 78:

Which of the following is correct?

Options:

A contract is frustrated when something happens, after it has been entered into, which renders the contract more difficult to perform.

A contract is frustrated when something happens, after it has been entered into, which renders the contract impossible to perform.

A contract is frustrated when a party expressly agrees to manufacture and supply goods and then discovers that they will be far more expensive to produce than they thought at the time of the contract.

A contract is frustrated if it is impossible to perform at the time that it is made.

Expert Solution

Questions # 79:

B was an employee of Exe plc but his line manager made it practically impossible for him to continue his employment. B resigned without giving Exe plc any notice as required by his contract of employment. Which of the following is correct?

Options:

As B failed to provide any notice he has no claim against Exe plc even if B's resignation is regarded as constructive dismissal

If B's resignation is regarded as constructive dismissal he will still be able to claim against Exe plc but his failure to provide notice will reduce any compensation awarded.

If B's resignation is regarded as constructive dismissal he will be able to claim compensation from Exe plc and the fact that he has failed to provide notice will be regarded as irrelevant.

If B's resignation is regarded as constructive dismissal then his failure to provide notice will prevent any claim under unfair dismissal but not under wrongful dismissal.

Expert Solution

Questions # 80:

Which of the following countries does not have a written constitution?

Options:

The United Kingdom

Poland

Germany

Italy

Expert Solution

Questions # 81:

Which TWO of the following options describe safeguards that the CIMA Code of Ethics states may eliminate or reduce threats to compliance with fundamental principles to an acceptable level?

Options:

Safeguards created by the Financial Reporting Council

Safeguards created by the profession, legislation or regulation

Safeguards in the governance environment

Safeguards in the work environment

Expert Solution

Questions # 82:

Which THREE of the following are characteristics of Limited Liability Partnerships ("LLPs")?

Options:

LLPs can enter into contracts in their own name

LLPs have no perpetual succession

An LLPs partners are jointly and severally liable for the debts of the LLP

LLPs can hold property in their own name

LLPs are usually created by formal registration under statute

Expert Solution

Questions # 83:

Which of the following most accurately describes the ratio decidendi?

Options:

It is a statement of law by a court which is binding on all higher courts which are called upon to decide a similar case.

It is a statement of law by a court which is not binding on lower courts which are called upon to decide a similar case.

It is a statement of law by a court which is binding on all lower courts which are called upon to decide a similar case.

It is a statement of law by a court which is binding on all future courts which are called upon to decide a similar case.

Expert Solution

Questions # 84:

Which of the following is INCORRECT in relation to the Unfair Terms in Consumer Contracts Regulations 1999?

Options:

The regulations only apply to standard form contracts.

The regulations only apply to exemption clauses.

The regulations only apply to consumer contracts entered into by a human being and do not apply to limited companies.

Whether or not a clause is written in plain English is a factor which may be taken into account in deciding whether the term is unfair.

Expert Solution

Questions # 85:

Wye has borrowed £10,000 from Exe and the loan has now become repayable in full. Exe has received a cheque from Wye for £9,000 stated to be “in full and final settlement of the loan.” What is the position if Exe cashes the cheque?

(i) Exe will have accepted £9,000 in full and final settlement and will not be able to claim the other £1,000 from Wye.

(ii) Exe is legally entitled to cash the cheque and pursue Wye for the balance of £1,000.

(iii) Exe will have accepted £9,000, but at law payment of less than the amount due cannot satisfy the full debt.

Options:

(i) only

(ii) only

(iii) only

(ii) and (iii) only

Expert Solution

Questions # 86:

Which of the following is correct?

(i) All courts below the Supreme Court may refer a case involving European Law to the European Court of Justice for a preliminary ruling.

(ii) The Supreme Court must refer a case involving European Law to the European Court of Justice for a preliminary ruling.

(iii) An English court is not bound to give effect to a preliminary ruling of the European Court of Justice.

Options:

(i) and (ii) only

(ii) and (iii) only

(iii) only

(i) and (iii) only

Expert Solution

Questions # 87:

In the event of a conflict between European Law and French Law which will prevail?

Options:

French private law

French public law

The French Code Civile

European law

Expert Solution

Questions # 88:

The UK Corporate Governance Code is primarily directed at which type of business organization?

Options:

All limited liability business organizations

All business organizations

All private companies

All listed public companies

Expert Solution

Questions # 89:

Which of the following are included in CIMA's practical proposals for better reporting of corporate governance?

1. The Chief Executive should communicate information regarding the performance of individual directors to the shareholders

2. The company should explain how the information needs of the shareholders have been met during the year

3. The Chairman's views on good governance and the culture of the board should be communicated

Options:

1 only

1 and 2 only

2 and 3 only

1,2 and 3

Expert Solution

Questions # 90:

How does CIMA support its members in their continual personal improvement?

Options:

Through the CIMA Professional Development Framework

Through the CIMA Code of Ethics

Through the IFAC Code of Ethics

Through the CIMA Public Duty Framework

Expert Solution

Viewing page 6 out of 14 pages

Viewing questions 76-90 out of questions

Pass the CIMA CIMA Certificate BA4 Questions and answers with CertsForce