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Updated: Aug 28, 2025
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CIMA Fundamentals of Ethics - Corporate Governance and Business Law Sample Questions:
1. To which of the following contracts does the Supply of Goods and Services Act 1982 apply?
(i) A contract with a joiner for the manufacture and supply of a cabinet.
(ii) A contract for the hire of a car.
(iii) A contract with a builder to construct an extension to a house.
A) (iii) only
B) (i), (ii) and (iii)
C) (i) only
D) (ii) only
2. Which of the following are qualities the CIMA accountant are expected to display and develop? Select ALL that apply.
A) Responsibility
B) Relevance
C) Timeliness
D) Courtesy
E) Reliability
F) Faithful representation
G) Respect
3. In relation to registering a company limited by shares, which of the following is correct?
A) If the promoters fail to submit Articles of Association to the Registrar of Companies, the provisions of Table A automatically apply.
B) If the promoters fail to submit Articles of Association to the Registrar of Companies, the company will be registered but will have no Articles of Association applicable to it.
C) If the promoters fail to submit Articles of Association to the Registrar of Companies, the company cannot be registered.
D) If the promoters fail to submit Articles of Association to the Registrar of Companies, the documents will be returned to the promoters with a request for Articles to be submitted.
4. According to Carroll's model of CSR, which of the following is TRUE of a company's legal responsibility?
A) It provides a base line for operating within society
B) It provides guidance relating to philanthropic responsibility
C) It provides a rule book for ensuring a reasonable return for shareholders
D) It equates with doing what is right. just and fair
5. Which of the following is NOT a 'financial stakeholder' of an organization?
A) Media
B) Government
C) Employee
D) Customer
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,C,D,E,G | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A |
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