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Free BA4 Exam Braindumps (page: 60)

Page 59 of 126
PDF with 661 Questions

XYZ plc has recently acted in breach of its contract with ABC Ltd. The breach caused ABC Ltd to lose several thousand pounds. The board of ABC Ltd has resolved not to proceed against XYZ plc, as it believes that the time and expense involved would be disadvantageous to the company. A number of ABC Ltd shareholders are dissatisfied with the board's decision.

Which of the following is INCORRECT?

  1. Individual shareholders cannot interfere with the board's decision.
  2. If the shareholders pass an ordinary resolution requiring the board to proceed against XYZ plc, the board will be obliged to comply with the resolution.
  3. If the shareholders are dissatisfied with the directors they may vote to remove them from office.
  4. If the directors are removed from office, they may be entitled to damages for breach of their service contracts.

Answer(s): B



According to the CIMA Code of Ethics:

  1. Good legal behavior may be above that required by ethics
  2. Good ethical behavior may be above that required by the law
  3. Good professional behavior may be above that required by ethics
  4. Good ethical behavior may be above that required by professional bodies

Answer(s): B



Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?

  1. The appointment of a competent Company Secretary
  2. The establishment of a company website
  3. The separation of the roles of Chairman and Chief Executive
  4. The appointment of independent non-executive directors to the Board

Answer(s): B



S is management accountant for a small construction company. The company's financial year is due to end in a few weeks. The company has a number of large construction projects, one of which is behind schedule. One of the directors of the company has asked S to raise an invoice for a progress payment that is due on completion of the next phase of the contract. S knows that this phase will not be complete until after the year end, but the director says that the client needs the invoice now, to allow them to process it in time for payment when the phase is complete.

Which THREE of the following would it be appropriate for S to do?

  1. Do as requested
  2. Challenge the request
  3. Ask for confirmation in writing from the director
  4. Refuse
  5. Bring the matter to the attention of the managing director
  6. Ask for advice from the company's external auditors

Answer(s): B,D,E






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