Most Recent CIMAPRA17-BA4-1 Exam Questions & Answers

Prepare for the CIMA BA4 - Fundamentals of Ethics, Corporate Governance and Business Law exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA17-BA4-1 exam and achieve success.

The questions for CIMAPRA17-BA4-1 were last updated on Jan 21, 2025.

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Question No. 1

Paul is asked to work for a company that runs online casinos, but he has a deep seated conviction that gambling in any form is immoral. This dilemma is an example of a tension between:

ASocietal and professional values

BPersonal and corporate values

CCorporate and professional values

DNone of the above

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Correct Answer: B

Question No. 2

Why are the principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior ''fundamental''?

ABecause they are the foundations of reasoning and professional practice

BBecause they are the foundations of human rights

CBecause they are the foundations of corporate responsibility

DBecause they are the foundations of management accounting

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Correct Answer: A

Question No. 3

(i) In general a person is assumed to know of a clause of which he has been given reasonable notice at or before the time of the contract.

(ii) In general a person cannot rely on a clause brought to the other party's attention after the contract has been concluded.

(iii) In general a person cannot be bound by a clause written in small print.

Choose one of the following.

AOnly (i) and (ii) are correct.

BOnly (ii) and (iii) are correct.

COnly (i) and (iii) are correct.

D(i), (ii) and (iii) are correct.

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Correct Answer: A

Question No. 4

Which of the following statements is correct?

AA claim in respect of 'wrongful trading' may only be brought by the liquidator against a director or a shadow director of the company.

BA claim in respect of 'wrongful trading' may only be brought by a creditor of the company against a director or shadow director of the company.

CA claim in respect of 'wrongful trading' may only be brought by the liquidator against a shareholder, director or shadow director of the company.

DA claim in respect of 'wrongful trading' may only be brought by the shareholders against a director or shadow director of the company.

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Correct Answer: A

Question No. 5

Which of the following is CORRECT?

(i) A company limited by shares is a legal person separate and distinct from those who own and manage the company

(ii) If the company structure is used as a mere faade for fraudulent purposes the company but not the directors or shareholders can be held liable

(iii) If the company has carried on business despite the fact that insolvency appeared inevitable the directors may be personally liable for the debts contracted.

A(i) only

B(i) and (ii) only

C(i) and (iii) only

D(ii) and (iii) only

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Correct Answer: C

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