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NEW QUESTION: 1
A. Option C
B. Option D
C. Option B
D. Option A
Answer: A
NEW QUESTION: 2
Consignment stock is typically owned by:
A. the company who will consume the stock.
B. the carrier who transports the stock.
C. a joint trust set up for this purpose.
D. a supplier until consumed.
Answer: D
NEW QUESTION: 3
Which of the following actions would breach CIMA's Code of Ethics for Professional Accountants?
A. An accountant has been asked to confirm that a complex financial instrument that has been recommended by the bank is suitable for the company. The accountant does not understand the instrument, but has confirmed its suitability because senior management wishes to use it.
B. An accountant has been asked to evaluate an investment opportunity that is open for a very short time. The accountant has recommended rejecting the opportunity without doing any evaluation because he was too busy to study the proposal properly.
C. An accountant has been asked to select a new supplier and has decided to recommend a supplier based in country A because that will give the accountant an excuse to visit a family member who lives there.
D. An accountant has been asked to identify the two least profitable factories so that they can be closed down, with the loss of all jobs. All of the company's factories are located in areas of high unemployment.
E. An accountant has been asked to compile a list of all contacts at the company's bank so that they can be included in the mailing list for the calendar and coffee mug that are distributed as business gifts by the company in December of every year.
Answer: A,B,C