These are ACCA F4 Global (CL/LW) Corporate and Business Law MCQs for Part-F of the Syllabus “Management, administration and the regulation of companies”.

These multiple-choice questions (MCQs) are designed to help ACCA F4 Global students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.

Please note:

Students should not attempt these MCQs until they have studied the entire chapter.
All questions are compulsory, so please do not skip any.

We hope that these MCQs will be a valuable resource for students preparing for the ACCA F4 Global (CL/LW) exam.

INFORMATION ABOUT THESE CBE MCQs Test/Quiz

Course:	ACCA – Association of Chartered Certified Accountants
Fundamental Level:	Applied Skills
Subject:	Corporate and Business Law
Paper:	F4 Global – CL/LW
Chapter:	Company directors
Chapter Number:	19 of the Practice and Exam Kit
Syllabus Area:	F – “Management, administration and the regulation of companies”
Questions Type:	CBE MCQs
Exam Section:	Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part F of the Syllabus; “Management, administration and the regulation of companies” of ACCA F4 Global (CL/LW) Corporate and Business Law Module.

Time

These MCQs are not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate.

Result

Students will get their F4 Global CBE MCQs Test results after they finish the entire test. They will also be able to see the correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seem correct/ or incorrect to you, as per the requirement of the question. Keep your eye on the wording “( select all those which are correct/ or incorrect)“.
Drop-down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

Keywords

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F4 (GLO) - Chapter 19 - Part F - MCQs

Course: ACCA - Association of Chartered Certified Accountants
Subject: F4 (LW/CL) (GLOBAL) - Corporate And Business Law
Syllabus Area: F - Management, administration and the regulation of companies
Chapter in Kit: 19 - Company directors
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

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1 / 15

Which of the following types of director is expressly appointed as such?

De facto

De jure

Shadow

2 / 15

What is the minimum age that a director can be?

3 / 15

How many directors are required to retire at the first annual general meeting of a public company?

All of the directors

Half the directors

One-third of the directors

4 / 15

Which of the following describes the actual authority of a Chief Executive Officer?

The authority that the board expressly gives to them

The authority that the Chief Executive Officer says to others they have

The authority that is usual for a Chief Executive Officer

5 / 15

The powers of a company's directors are defined in which company document?

Articles of Association

Memorandum of Association

6 / 15

To which of the following does a director owe their statutory duties?

The company as a whole

The members personally

The board of directors

7 / 15

In which of the following circumstances will a director be personally liable for the debts of the company?

Where a creditor has told them they are liable

Where they have breached their fiduciary duties

Where the company's Articles of Association state that they are liable

8 / 15

Which of the following types of director is not validly appointed but is held out by the company to be a director?

De jure director

Alternate director

Shadow director

De facto director

9 / 15

Which of the following is a characteristic of a non-executive director?

They are not involved in the day-to-day running of the company

They are individuals whose instructions concerning running the company are followed

They are not subject to the statutory duties of directors

They are individuals that are held out by the company to be directors

10 / 15

Which TWO of the following are grounds that must be fulfilled in order for a court to be required to disqualify a director?

Conviction of an indictable offence in connection with the management of a company
Insolvency of a company that they are a director of
Conduct making them unfit to be concerned in the management of a company
Persistently failing to meet provisions of company legislation

1 and 4

1 and 2

3 and 4

2 and 3

11 / 15

Which of the following resolutions is required to remove a director from office?

Ordinary resolution

Special resolution

Ordinary resolution with special notice

Special resolution with special notice

12 / 15

Which of the following describes the correct way that directors should use their powers?

For any legal purpose

For a proper purpose that is honestly believed to be in the best interests of the company

For any reason necessary to maximise profit

To achieve the goals of the business

13 / 15

Which of the following statements concerning a director that has acted outside their authority is correct?

The members may ratify their actions but an ordinary resolution is required

The members may ratify their actions but a special resolution is required

The board of directors can ratify their actions on behalf of the members

The company many not subsequently ratify their actions

14 / 15

Which of the following statutory duties is a director meeting when they consider the long-term consequences of a decision on their employees?

Promote the success of the company

Avoid conflicts of interest

Act within powers

Exercise independent judgement

15 / 15

Which TWO of the following describe the level of knowledge, skill and experience required by a director in order to meet their statutory duty to exercise reasonable, skill, care and diligence?

The knowledge, skill and experience that the director actually has
The knowledge, skill and experience expected of the director by the board of directors
The knowledge, skill and experience that is reasonably expected of a person carrying out the functions of the director
The knowledge, skill and experience that the members of the company believe the director to actually have

2 and 3

2 and 4

1 and 3

1 and 4