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BA4 Exam Dumps - Fundamentals of Ethics, Corporate Governance and Business Law

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Question # 65

Steve manages the accounts for a large software company. He's good at his job, though it has recently emerged that he is going through quite a messy divorce.

Why should the company's senior management be most concerned?

A.

Because Steve could be motivated to steal from the company.

B.

Because Steve might not work as hard.

C.

Because there is a risk Steve could get aggressive with other employees within the company.

D.

Because Steve might start to be untruthful and not disclose information that he should.

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Question # 66

S is management accountant for a small retail company. S has discovered a possible fraud in the purchasing department. The manager of that department has told S that he is aware of the fraud and will 'deal with it'.

 

Which ONE of the following would it be appropriate for S to do?

A.

Nothing

B.

Advise a director of the company

C.

Ask for confirmation in writing from the manager

D.

Bring the matter to the attention of the police

E.

Ask for advice from the company's external auditors

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Question # 67

You always take the time to be polite to colleagues and listen to the opinions of others, even if you might disagree with their views. Which TWO of the personal qualities identified by the CIMA Code of Ethics does this demonstrate?

A.

Responsibility

B.

Reliability

C.

Respect

D.

Courtesy

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Question # 68

B is invited to a big tennis final by one of her clients. Afterwards there is a private party at the client's home. B has too much to drink, and the client ends up sending her home in a taxi.  Which fundamental principle has B failed to live up to?

A.

Professional Behavior

B.

Objectivity

C.

Integrity

D.

Professional Competence and Due Care

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Question # 69

Which of the following statements are correct in relation to the purpose of the OECD principles of corporate governance?

1. The principles are regarded by OECD members as representing a common basis essential for the development of good corporate governance practice

2. The principles are intended to be a substitute for individual government's proposals for governance best practice.

3. The principles are intended for the use of OECD members only.

A.

2 only

B.

1only

C.

1 and 2 only

D.

2 and 3 only

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Question # 70

According to Carroll's model of CSR, which of the following is TRUE of a company's legal responsibility?

A.

It provides guidance relating to philanthropic responsibility

B.

It equates with doing what is right. just and fair

C.

It provides a base line for operating within society

D.

It provides a rule book for ensuring a reasonable return for shareholders

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Question # 71

S Ltd has an issued share capital of 1000 ordinary shares of £1 each.  Some of the shareholders would like to change the name of the company.  What is the minimum number of votes which must be cast in favor of the resolution to make it effective?

A.

501

B.

500

C.

750

D.

1,000

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Question # 72

Which of the following is INCORRECT?

A.

A company secretary may be dismissed by the board

B.

A person may be appointed company secretary for life

C.

A company secretary is an officer and not an employee of the company

D.

A company secretary of a public company must be appropriately qualified

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