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| Section | Weight | Objectives |
|---|---|---|
| General Principles of Legal System, Contract and Employment Law | 15% | - Business law fundamentals
|
| Company Administration | 10% | - Corporate legal administration
|
| Business Ethics and Ethical Conflict | 30% | - Ethical principles and professional behaviour
|
| Corporate Governance, Controls and Corporate Social Responsibility | 45% | - Corporate governance framework
|
Which of the following is CORRECT in relation to a Limited Liability Partnership ("LLP")?
(i) An LLP is formed by registration with the Registrar of Companies
(ii) Unlike the articles of a company the internal rules of an LLP are not available for public inspection (iii) An LLP is liable to pay corporation tax on its profits
Correct Answer: D 🗳️
In relation to international regulations, which of the following is correct?
i. International regulations seek to establish common standards between professions practicing in different States so as to further international cooperation and agreement.
ii. International regulations agreed by the professional bodies of different States have the force of international law.
iii. International regulations which harmonies standards and procedures may be incorporated into contracts by commerce and the professions.
Correct Answer: A 🗳️
Which of the following is one of the fundamental principles identified in the CIMA Code of Ethics?
Correct Answer: A 🗳️
Which TWO of the following are the characteristics of a framework driven by values, principles and ethics?
Correct Answer: C,D 🗳️
Which of the following statements is correct?
(i) An employer may rely on information discovered after an employee's dismissal to justify a wrongful dismissal.
(ii) An employer may rely on information discovered after an employee's dismissal to justify an unfair dismissal.
(iii) An employment tribunal will take into account the employee's conduct when determining how much compensation for unfair dismissal to award.
Correct Answer: B 🗳️
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