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Exam Name:	Fundamentals of Ethics, Corporate Governance and Business Law
Exam Code:	BA4 Dumps
Vendor:	CIMA	Certification:	CIMA Certificate
Questions:	661 Q&A's	Shared By:	lorena

Question 56

Which of the following is normally implied into a contract of employment?

Options:

A duty to provide a reference.

A duty to provide work.

A duty to pay wages.

An employee's duty to disclose his own misconduct.

Discussion

Question 57

Which of the following is correct?

(i) A liquidated damages clause will be void if it amounts to a penalty clause.

(ii) A liquidated damages clause will apply where it is a genuine attempt to pre-estimate the loss caused by a breach of contract.

(iii) A liquidated damages clause is void if it is for an amount in excess of the actual loss caused by the breach of contract.

Options:

(i) and (ii) only

(ii) only

(i), (ii) and (iii)

(iii) only

Discussion

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Question 58

A business has been registered under the name ABC Ltd. Which of the following types of business organization must this be?

Options:

A partnership.

A public limited company.

A private limited company.

Either a private limited company or a public limited company.

Discussion

Question 59

The chief executive of a transnational corporation states on her curriculum vitae that she has an MBA which she does not in fact have. Is this an ethical issue and why?

Options:

Yes - lying is an ethical issue and casts doubt on the integrity of the individual

Maybe - depending on whether the lack of an MBA would mean that she is not competent to do her job

Maybe - depending on whether anyone finds out or not

No - everyone lies on their CV

Discussion

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