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

11 days ago

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

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Elinore

14 days ago

I think the correct statement is 2 only.

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Vinnie

14 days ago

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

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Sue

17 days ago

Haha, those shareholders better not try to interfere with the management. That's the whole point of having a board of directors, right?

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Marta

19 days ago

Nah, I disagree. The minimum number of directors for public and private companies is definitely not the same. Statement 3 is wrong.

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Heike

22 days ago

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

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