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BA4 - Fundamentals of Ethics, Corporate Governance and Business Law Questions 171–175 (page: 36)

Updated On: 9-Feb-2026

Ethical dilemmas can arise where there is tension between:

  1. Societal and professional values
  2. Professional and corporate values
  3. Corporate and personal values
  4. All of the above

Answer(s): D



Which of the following requires the approval of 75% of all the company's shareholders who are entitled to vote?

  1. A written special resolution
  2. A special resolution
  3. A written ordinary resolution
  4. An ordinary resolution

Answer(s): A



Which of the following is correct in relation to a company's ability to contract where the company was registered after the Companies Act 2006 was fully implemented?

  1. The company's ability to contract is specified in its objects clause in its memorandum of association.
  2. The company's ability to contract is specified in its objects clause in its articles of association.
  3. The company cannot restrict its ability to contract in either its memorandum or articles of association.
  4. The company has unrestricted objects

Answer(s): D



One of the fellow accountants in your office thinks that she is intellectually superior to the rest of you. This has made her complacent and she refuses to attend training courses or ongoing professional development. As a result, she may be failing to adhere to the CIMA Code of Ethics fundamental principle of:

  1. Courtesy
  2. Integrity
  3. Responsibility
  4. Professional competence and due care

Answer(s): D



Which of the following statements is incorrect in relation to a public company limited by shares?

  1. The company must have at least one director.
  2. The company must have at least one shareholder.
  3. The company must have issued at least £50,000 of shares.
  4. The company must ensure that its company secretary is properly qualified whereas a private company need not have a company secretary.

Answer(s): A



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