CIMA Exam CIMAPRA17-BA4-1 Topic 10 Question 102 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 102
Topic #: 10

[All CIMAPRA17-BA4-1 Questions]

Which of the following statements are correct regarding companies'?

1. Both public and private companies must have a minimum amount of share capital before they can commence trading.

2. The shareholders of both public and private companies cannot interfere in the management of the company.

3. The minimum number of directors for both public and private companies is two

A1 only

B2 and 3 only

C1 and 2 only

D2 only

Show Suggested Answer

Suggested Answer: A

by Myra at Oct 18, 2024, 10:23 AM

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Sheridan

3 months ago

I disagree, I believe it's 1 and 2 only.

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Elinore

3 months ago

I think the correct statement is 2 only.

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Vinnie

3 months ago

Wait, are we supposed to choose all the correct statements or just one? This question is a bit confusing.

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3 months ago

I think statement 1 is correct. Both public and private companies need a minimum share capital to start operations.

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Daniel

2 months ago

I think statement 2 is incorrect. Shareholders can interfere in the management of the company.

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Elfrieda

2 months ago

B) 2 and 3 only

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Shonda

2 months ago

I agree, statement 1 is correct. Companies do need a minimum share capital.

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Kristofer

2 months ago

A) 1 only

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