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CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:

1. Avoiding any action that discredits the profession relates to which CIMA Code of Ethics fundamental principle?

A) Integrity
B) Professional competence and due care
C) Professional behavior
D) Objectivity

2. Which of the following is not valid consideration?

A) Payment handed over at the time of the contract.
B) Past consideration.
C) Payment to be made upon delivery of the goods.
D) A promise to make an early repayment of a debt.

3. Your boss knows that you will always strive to deliver a project on time and on budget. Which TWO of the personal qualities identified by the CIMA Code of Ethics does this demonstrate?

A) Timeliness
B) Respect
C) Reliability
D) Courtesy

4. B is a director and shareholder in Cee Ltd. Which ONE of the following is INCORRECT?

A) B cannot vote as a shareholder in any meeting called to dismiss him as a director.
B) The company must be given 28 days notice of any proposed resolution to dismiss B.
C) B is entitled to speak at the meeting called to consider the proposal to dismiss him.
D) B may be dismissed at any time by an ordinary resolution of the shareholders.

5. Which of the following is NOT one of the fundamental principles of CIMA's Code of Ethics?

A) Integrity
B) Materiality
C) Professional behavior
D) Objectivity

Solutions: