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Last Updated: Sep 12, 2026
No. of Questions: 660 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Company Administration | 10% | - Types of business organizations - Corporate insolvency and administration - Company financing and capital - Formation and constitution of companies |
| General Principles of the Legal System, Contract and Employment Law | 15% | - Terms, breach and remedies of contract - Essential elements of a valid contract - Employment law, rights and obligations - Structure and sources of law |
| Corporate Governance, Controls and Corporate Social Responsibility | 45% | - Principles and frameworks of corporate governance - Corporate social responsibility and sustainability - Internal control and risk management - External audit and assurance - Roles and responsibilities of directors and officers |
| Business Ethics and Ethical Conflict | 30% | - Ethics vs law and regulation - Identification and resolution of ethical dilemmas - Concepts of ethics and business ethics - CIMA Code of Ethics and professional values |
Which of the following does NOT describe the responsibilities of the audit committee?
Correct Answer: D 🗳️
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: A 🗳️
Adam, Brian, Charles and David each held 25% of the issued share capital of ABCD Ltd. Adam has recently issued further shares to himself in order to increase his voting power. Which of the following is incorrect?
Correct Answer: B 🗳️
Which ONE of the following statements is correct?
Correct Answer: C 🗳️
B is employed by Zed plc and has suffered an occupational injury.
Which of the following is correct?
Zed plc may be liable to B for:
i. breach of an implied term in B's contract of employment
ii. breach of the duty to take care in the tort of negligence
iii. breach of statutory duty
Correct Answer: C 🗳️
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