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Free BA4 Exam Braindumps (page: 58)

Page 57 of 126
PDF with 661 Questions

Which ONE of the following business organizations could be used by Tom to carry on a business consultancy on his own account?

(i) A private company limited by shares

(ii) A sole tradership.

(iii) A limited liability partnership

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

Answer(s): C



When preparing financial statements, you are extremely careful not to omit relevant information, mislead readers or misstate facts. This demonstrates the CIMA Code of Ethics fundamental principle of:

  1. Professional behavior
  2. Confidentiality
  3. Objectivity
  4. Integrity

Answer(s): D



Which TWO of the following are true of the CIMA Code of Ethics?

  1. It covers every possible dilemma that an accountant might face
  2. It is based on values rather than compliance
  3. It is a financial requirement of accountants
  4. It establishes the fundamental principles of professional ethics for professional accountants

Answer(s): B,D



Which of the following statements is correct?

  1. The Articles of Association of a private company limited by shares may be altered by ordinary resolution.
  2. The Articles of Association of a private company limited by shares may be altered by a written ordinary resolution.
  3. The Articles of Association of a private company limited by shares may be altered by a special resolution.
  4. The Articles of Association of a private company limited by shares may be altered by a board resolution.

Answer(s): C






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