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CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:
1. As a general rule, what period of continuous employment is required before a person can make a claim for unfair dismissal?
A) at least 2 years
B) at least 6 months
C) at least 3 years
D) at least 9 months
2. Which of the following terms can be defined as follows?
"...the system by which companies are directed and controlled"
A) Social responsibility
B) Corporate governance
C) Ethics
D) Professional behavior
3. Which of the following governs all public sector employees?
A) The Seven Principles of Public Life
B) The Seven Principles of Public Private Partnership
C) The Seven Principles of Public Enterprise
D) The Seven Principles of Public Sector Participation
4. Articles of association regulate the relationship between:
A) the company and its customers
B) the company and its directors
C) the company and its members
D) the company and its creditors
5. In 2011 Exe Bank plc granted a loan of £200,000 to Wye Ltd secured by a fixed charge over the company's land and a floating charge over all the company's other assets. Wye Ltd remains solvent but has now failed to meet its monthly repayments for three months.
Which of the following options are available to Exe Bank plc?
(i) Sue Wye Ltd for breach of contract.
(ii) Appoint an administrator
(iii) Petition for the compulsory winding up of Wye Ltd.
A) (i) only
B) (i), (ii) and (iii)
C) (ii) only
D) (i) and (ii) only
Solutions:
Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |