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BA4 - Fundamentals of Ethics, Corporate Governance and Business Law Questions 126–130 (page: 27)

Updated On: 9-Feb-2026

Avoiding any action that discredits the profession relates to which CIMA Code of Ethics fundamental principle?

  1. Integrity
  2. Objectivity
  3. Professional competence and due care
  4. Professional behavior

Answer(s): D



Which of the following statements is incorrect?

  1. A term will be implied into a contract wherever a court considers that it would be reasonable to do so.
  2. A term may be implied into a contract on the basis of previous dealings between the parties.
  3. A term may be implied into a contract by statute.
  4. A term may be implied into a contract on the basis of a trade custom.

Answer(s): A



Which of the following is correct?

  1. An ordinary resolution may be passed by 50% plus 1 of the shareholders who are present and voting in favor of the proposal either in person or by proxy.
  2. An ordinary resolution may only be passed by 75% of the shareholders who are present voting in favor of the proposal either in person or by proxy.
  3. An ordinary resolution may only be passed by 51% of all the company's shareholders voting in favor of the proposal either in person or by proxy.
  4. An ordinary resolution may only be passed by all the company's shareholders voting in favor of the proposal either in person or by proxy.

Answer(s): A



A business has been registered under the name ABC Ltd. Which of the following types of business organization must this be?

  1. A partnership.
  2. A public limited company.
  3. A private limited company.
  4. Either a private limited company or a public limited company.

Answer(s): C



Which of the following is not a legal person?

  1. A private limited company.
  2. A sole trader.
  3. A public limited company.
  4. A firm of accountants.

Answer(s): D



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