CIMA BA4 exam : Fundamentals of Ethics - Corporate Governance and Business Law

BA4 Exam Simulator
  • Exam Code: BA4
  • Exam Name: Fundamentals of Ethics - Corporate Governance and Business Law
  • Updated: May 30, 2026
  • Q & A: 660 Questions and Answers

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

1. Which THREE of the following statements are correct in relation to the essential elements of a contract?

A) A request for further information in relation to an offer has the effect of cancelling the offer
B) Even if the parties are fully in agreement, the agreement will be unenforceable unless at least one of the parties has provided consideration
C) A conditional offer cannot be accepted until the condition has been satisfied
D) A revocation of an offer is only valid when it is received by the offeree, unless it is sent by post in which case it is valid as soon as it is posted
E) Once an offer has been made it does not exist forever but will lapse after a reasonable time
F) If an offer is rejected it can only be revived by the person who made the offer


2. Demonstrating politeness and good manners towards others reflects the personal quality identified by the CIMA Code of Ethics as:

A) Cohesion
B) Correctness
C) Creativity
D) Courtesy


3. In a situation where a professional accountant needs to choose in whose interest he or she is to behave and act, which of the following interests should he or she put first?

A) Public interest
B) CIMA's interest
C) Employer's interest
D) Client's interest


4. IFAC member firms or bodies:

A) Must prosecute any individual who fails to adhere to any part of the IFAC Code of Ethics
B) Are entitled to use the IFAC Code of Ethics as an optional approach for their own organization
C) Must, by law, adhere to the IFAC Code of Ethics
D) Must not apply less stringent standards than those stated in the IFAC Code of Ethics


5. Ethical dilemmas can arise where there is tension between:

A) Corporate and personal values
B) Societal and professional values
C) Professional and corporate values
D) All of the above


Solutions:

Question # 1
Answer: A,C,E
Question # 2
Answer: D
Question # 3
Answer: A
Question # 4
Answer: D
Question # 5
Answer: D

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