QUESTION: 241

According to the CIMA Code of Ethics, which of the following categories describe common threats to compliance with the fundamental principles? Please select all that apply.

Self-interest threats
Self-review threats
Familiarity threats
Intimidation threats

Answer(s): A,B,C,D

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QUESTION: 242

Brian is the registered owner of 500 shares in Exe Ltd. Which of the following statements is correct?

Brian is only contractually bound to Exe Ltd in respect of the provisions contained in the company's Articles of Association.
Brian is only contractually bound to Exe Ltd and the other present shareholders of the company in respect of the provisions contained in the company's Articles of Association.
Brian is only contractually bound to Exe Ltd and the present directors in respect of the provisions contained within the company's Articles of Association.
Brian is contractually bound to Exe Ltd and the present and future shareholders in respect of the provisions contained within the company's Articles of Association.

Answer(s): D

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B has been employed by Wye Ltd for 10 years. His contract of employment states that, if either Wye Ltd or B wishes to terminate the contract, each party must give the statutory minimum period of notice.

Which of the following statements is correct?

Both B and Wye Ltd are entitled to 10 weeks' notice.
B is entitled to 10 weeks' notice but Wye Ltd is entitled to only 1 week's notice.
B is entitled to 1 month's notice and Wye Ltd is entitled to 10 weeks' notice.
Both B and Wye Ltd are entitled to 1 week's notice.

Answer(s): B

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