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Question 40

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

Options:

A.

at least 6 months

B.

at least 9 months

C.

at least 2 years

D.

at least 3 years

Question 41

Members of private companies often enter into so-called “shareholder agreements”. Which of the following elements of a shareholder agreement are NOT true of articles of association?

(i) A shareholder agreement is a private document not open to public inspection.

(ii) All the provisions of a shareholder agreement have contractual force.

(iii) The terms of a shareholder agreement can only be amended by unanimous consent and not by majority agreement.

Options:

A.

(i) only

B.

(ii) only

C.

(ii) and (iii) only

D.

(i), (ii) and (iii)

Question 42

Which of the following sources of law is not binding upon the Supreme Court?

Options:

A.

A Statutory Instrument.

B.

A European Council regulation.

C.

A previous decision of the House of Lords.

D.

A provision in an Act of Parliament.

Question 43

Which of the following courses of action is NOT part of the process that the CIMA Code of Ethics expects of professional accountants in resolving an ethical conflict?

Options:

A.

Determine the appropriate course of action that is consistent with the fundamental principles identified

B.

Evaluate the consequences of each possible course of action

C.

Consult with other appropriate persons within the firm or employing organization for help if the matter remains unresolved

D.

Proceed with the course of action that would do least damage to a professional accountant's career prospects

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Exam Code: BA4
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: May 5, 2024
Questions: 661
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