QUESTION: 9

Maintaining professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service demonstrates the CIMA Code of Ethics fundamental principle of:

Integrity
Objectivity
Professional competence and due care
Professional behavior

Answer(s): C

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QUESTION: 10

B agreed in his contract that he would not work for a competitor of Gee Ltd for a period of 12 months after leaving the company's employment. On leaving Gee Ltd, B worked for Zed Ltd, a competitor of Gee Ltd. If the restriction in B's contract with Gee Ltd should be found to be reasonable, which of the following remedies is Gee Ltd entitled to?

(i) A decree of specific performance forcing B to comply with his contract with Gee Ltd.

(ii) Damages in respect of any loss caused by B's breach of contract.

(iii) An injunction to stop B working for Zed Ltd.

(i) only
(i) and (ii) only
(ii) and (iii) only
(i), (ii) and (iii)

Answer(s): C

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QUESTION: 11

Which ONE of the following statements is correct in relation to the UK Corporate Governance Code?

If the Code is ignored by any company, no action may be taken as it has no legal status
If any company fails to comply with the Code, the directors may be sued for breach of duty by the company on behalf of the shareholders
If a public company fails to comply with the Code, it may be sued for breach of statutory duty by those who have suffered loss as a result
If a listed public company fails to produce a report explaining why it has not implemented the Code's recommendations, it has acted in breach of the Code

Answer(s): D

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QUESTION: 12

Which of the following reasons for dismissal are NOT deemed to be automatically unfair?

Serious misconduct
Refusing to join an independent trade union.
Pregnancy
Selection for redundancy because of membership of a trade union.

Answer(s): A

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