CIMAPRA17-BA4-1 BA4 - Fundamentals of Ethics, Corporate Governance and Business Law Exam Practice Test

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Total 661 questions

Question 1

Which THREE of the following are characteristics of Limited Liability Partnerships ("LLPs")?



Answer : A, D, E

Question 2

The majority of developed countries require publicly quoted companies and large companies to produce annual financial statements which are then audited by an external auditor.

Which of the following statements regarding the requirement for external audit is Incorrect?



Answer : B

Question 3

Internal audit is considered best practice but is not required by law Which of the following does NOT describe a benefit of internal audit to the board of directors?



Answer : B

Question 4

Which of the following statements is correct in relation to private and public companies limited by shares?



Answer : B

Question 5

A manufacturing company has a policy of only buying raw materials which are produced within a 100 kilometer radius of its factory. This is an example of what aspect of CSR?



Answer : D

Question 6

Y is completing an internal audit work on the system to approve suppliers to JKL Company. Which of the following would NOT promote a sustainable approach to the company's relationship with it\suppliers?



Answer : C

Question 7

The IFAC has eight main drivers of sustainable corporate success. Which of the following are included in the eight mam drivers?

1, Innovation and adaptability

2. Effective leadership and strategy.

3. Board control and responsibility



Answer : B

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Total 661 questions