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CIMA BA4 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Ethics and Ethical Conflict | 30% | - Identification and resolution of ethical dilemmas - Concepts of ethics and business ethics - CIMA Code of Ethics and professional values - Ethics vs law and regulation |
| Topic 2: Corporate Governance, Controls and Corporate Social Responsibility | 45% | - Corporate social responsibility and sustainability - Principles and frameworks of corporate governance - Internal control and risk management - External audit and assurance - Roles and responsibilities of directors and officers |
| Topic 3: General Principles of the Legal System, Contract and Employment Law | 15% | - Structure and sources of law - Employment law, rights and obligations - Essential elements of a valid contract - Terms, breach and remedies of contract |
| Topic 4: Company Administration | 10% | - Company financing and capital - Types of business organizations - Corporate insolvency and administration - Formation and constitution of companies |
CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:
In relation to the Unfair Contract Terms Act 1977, which of the following is correct?
(i) A clause which attempts to exclude liability for death or personal injury caused by negligence is only valid if it is reasonable.
(ii) A clause which attempts to exclude liability for damage to property is void unless it is reasonable.
(iii) The Unfair Contract Terms Act applies to contractual terms and to occupiers' liability.
- A. (i) and (iii) only
- B. (i) only
- C. (ii) and (iii) only
- D. (ii) only
Correct Answer: C 🗳️
Which of the following is NOT one of the main requirements of the UK Corporate Governance Code?
- A. The identification of an independent director as primary shareholder contact
- B. The establishment of a risk committee
- C. The appointment of independent non-executive directors to the Board
- D. The separation of the roles of Chairman and Chief Executive
Correct Answer: B 🗳️
Which ONE of the following statements is correct in relation to the UK Corporate Governance Code?
- A. If a public company fails to comply with the Code, it may be sued for breach of statutory duty by those who have suffered loss as a result
- B. If any company fails to comply with the Code, the directors may be sued for breach of duty by the company on behalf of the shareholders
- C. If a listed public company fails to produce a report explaining why it has not implemented the Code's recommendations, it has acted in breach of the Code
- D. If the Code is ignored by any company, no action may be taken as it has no legal status
Correct Answer: C 🗳️
Which of the following is a 'financial stakeholder' of an organization?
- A. Employee
- B. Competitor
- C. Media
- D. Non-governmental organizations
Correct Answer: A 🗳️
Which one of the following reasons is not automatically an unfair reason for dismissal?
- A. An employee's gross misconduct.
- B. Lack of qualification.
- C. An employee's pregnancy.
- D. Contravention of a statute.
Correct Answer: A 🗳️
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