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BA4 Exam Dumps : Fundamentals of Ethics, Corporate Governance and Business Law

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Fundamentals of Ethics, Corporate Governance and Business Law Questions and Answers

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Question 1

Which of the following is incorrect in relation to a reduction of capital by a private company?

Options:

A.

The company must pass a special resolution to authorize the reduction of capital.

B.

The reduction must be approved by the court.

C.

It is not necessary for the company’s Articles of Association to authorize a reduction of capital.

D.

The directors must make a solvency statement.

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Question 2

IFAC member firms or bodies:

Options:

A.

Are entitled to use the IFAC Code of Ethics as an optional approach for their own organization

B.

Must, by law, adhere to the IFAC Code of Ethics

C.

Must prosecute any individual who fails to adhere to any part of the IFAC Code of Ethics

D.

Must not apply less stringent standards than those stated in the IFAC Code of Ethics

Question 3

Which of the following groups is a non-financial as opposed to a financial stakeholder of a company?

Options:

A.

Competitors

B.

Shareholders

C.

Customers

D.

Suppliers

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