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BA4 - Fundamentals of Ethics, Corporate Governance and Business Law Questions 106–110 (page: 23)

Updated On: 9-Feb-2026

Tee Ltd placed some computers in its shop window with a notice which reaD. "Special offer. Internet-ready computers for sale at £400."

Which of the following is correct?

(i) The notice amounts to an invitation to treat.

(ii) When a customer called in to the shop and offered £350 for one of the computers, he had made a counter offer.

(iii) The shop is obliged to sell a computer to anyone who can pay the price.

  1. (i) and (ii) only
  2. (i) only
  3. (i), (ii) and (iii).
  4. (ii) only

Answer(s): B



The Auditing Practices Board has an objective of establishing ethical standards in relation to which aspects of the work of external auditors and those providing assurance services?

  1. Transparency, competitiveness and value
  2. Independence, objectivity and competitiveness
  3. Transparency, value and integrity
  4. Independence, objectivity and integrity

Answer(s): D



Which ONE of the following is NOT contained within form IN01 which must be submitted to the Registrar of Companies in order to register a company limited by shares?

  1. The name of the company
  2. The objects of the company
  3. The location of the company's registered office
  4. The names of the first directors

Answer(s): B



Which of the following is one of the fundamental principles identified in the CIMA Code of Ethics?

  1. Professional belief
  2. Professional bearing
  3. Professional behavior
  4. Professional bias

Answer(s): C



Which ONE of the following is NOT a personal consequence of unethical behavior?

  1. Loss of reputation
  2. Loss of earnings
  3. Loss of job
  4. Loss of life

Answer(s): D



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