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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 regarding the differences between a general partnership and a company limited by shares?

(i) Both a partnership and a company are formed by registration with the Registrar of Companies.

(ii) All partners are agents of the firm and all directors are agents of the company.

(iii) All partners are fully liable for the firm’s debts and the company is fully liable for its own debts.

Options:

A.

(i) only

B.

(i) and (ii) only

C.

(i) and (iii) only

D.

(iii) only

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Question 2

Badger has just been offered a job after completing a series of long interviews.

Which of the following would legally form the employment contract between him and his employer:

Options:

A.

A handshake

B.

A signed formal document

C.

A verbal declaration

D.

Any of the above

Question 3

Which of the following is incorrect?

Options:

A.

Subject to the company's Articles of Association, shareholder approval is not required to enable the company to borrow money.

B.

Subject to the company's Articles of Association, shareholder approval is not required to authorise the issue of shares direct to one person for a non-cash consideration.

C.

A company's Articles cannot provide that the Articles are unalterable.

D.

The Articles of Association may be altered by special resolution.

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