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Exam Name:	Fundamentals of Ethics, Corporate Governance and Business Law
Exam Code:	BA4 Dumps
Vendor:	CIMA	Certification:	CIMA Certificate
Questions:	661 Q&A's	Shared By:	casey

Question 80

In a situation where a professional accountant needs to choose in whose interest he or she is to behave and act, which of the following interests should he or she put first?

Options:

Employer's interest

Client's interest

CIMA's interest

Public interest

Discussion

Question 81

Which of the following statements is correct in relation to a misrepresentation?

Options:

A person selling goods may be hekJ liable in misrepresentation if he or she remains silent during the negotiations and fails to correct any misunderstandings on the part of the buyer

A misrepresentation is a false statement of fact or opinion made by one person to another before a contract is formed and which causes the contract to be automatically cancelled

If a person can show that he or she was induced to contract by a misrepresentation then a court must grant a remedy, irrespective of the time taken to commence the action against the misrepresents.

If one person attempts to persuade another to enter into a contract by misrepresenting the facts, the intended victim will have a remedy, unless the misrepresentation did not induce the intended victim to contract

Discussion

Question 82

In the event of a breach of contract, what is the purpose of damages?

(i) To punish the contract breaker.

(ii) To compensate the innocent party.

(iii) To ensure that the innocent party makes a profit.

Options:

(i) only

(ii) only

(i) and (iii) only

(i), (ii) and (iii).

Discussion

Question 83

How might a company ensure that the roles and responsibilities of its board and management are made clear and publicly known?

Options:

Ensure such details are included in the its annual report.

Highlight this information during its AGM.

Ensure it has an audit committee, remuneration committee and a nominations committee.

Adhere to the principles outlined in the Sarbanes-Oxley Act.

Discussion

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