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CIMAPRA19-E02-1 Exam - Topic 2 Question 62 Discussion

In the UK there is a principles based approach to corporate governance.Which THREE of the following statementsare part of this approach?
A) It consistsof principles to be followed unless there is a justifiable reason not to do so. and C) The UK code of corporate governance adopts a 'comply or explain' approach. and D) Some of the provisions of the UK corporate code may not be followed exactly providing departure can be justified.
B) It includes legislation involving punishment for non-compliance.
E) It provides a set of rules which must be followed in all circumstances.

CIMAPRA19-E02-1 Exam - Topic 2 Question 62 Discussion

Actual exam question for CIMA's CIMAPRA19-E02-1 exam
Question #: 62
Topic #: 2
[All CIMAPRA19-E02-1 Questions]

In the UK there is a principles based approach to corporate governance.Which THREE of the following statementsare part of this approach?

Show Suggested Answer Hide Answer
Suggested Answer: A, C, D

by Buddy at Dec 10, 2022, 06:50 AM

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Katheryn
10 months ago
I thought it was all about flexibility, not punishment.
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Ngoc
10 months ago
B is more about strict rules, not principles.
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Raina
10 months ago
Wait, is E really not part of it? That seems odd.
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Arthur
11 months ago
Totally agree with D too!
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Lai
11 months ago
A and C are definitely part of it.
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Winifred
11 months ago
I’m confused about B; I thought the principles-based approach was more about guidance than strict legislation, so I’m leaning towards A, C, and D.
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Carma
11 months ago
I practiced a similar question, and I think A and D both emphasize justification for not following the principles, which seems right.
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Goldie
11 months ago
I’m not entirely sure, but I feel like the 'comply or explain' concept is really central to the UK code, so C should definitely be one of the answers.
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Beth
11 months ago
I remember that the principles-based approach allows for some flexibility, so I think A and D might be correct.
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Kimberely
11 months ago
I've got a good handle on this topic, so I'm confident I can identify the right causes. Time to put my knowledge to the test!
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Romana
11 months ago
I think the AVR module is the best option here. It's designed specifically for gathering website statistics like latency and throughput.
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Donte
11 months ago
Okay, I remember learning about this in class. The main inputs for creating user stories are the Prioritized Product Backlog, Personas, and Done Criteria. Identified Risks doesn't seem to be directly related to that process, so I'll go with that as the answer.
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Michal
11 months ago
This seems like a tricky one. I'll need to think through the possible causes and solutions carefully.
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Mona
11 months ago
The question mentions that Mabry is relatively inexperienced with derivatives, so I'll need to be careful in my approach and make sure I fully understand the concepts before selecting an answer.
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