MENU
Which of the following statements best describes a private firm?
Suggested Answer: D
Get Premium CIMAPRA17-BA1-1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
14 comments · newest first
VI
Viva
10 months ago
Wait, can a private firm really be outside the state's influence?
HE
Helga
10 months ago
Totally agree, B is the right answer!
LA
Launa
10 months ago
A private firm is usually owned by shareholders.
IL
Iluminada
11 months ago
D makes sense too, not owned by the state is key.
LA
Lauran
11 months ago
I thought private firms were all about profit, not A!
AM
Ammie
11 months ago
I feel like option C is tricky. I don't think private firms are completely outside the state's influence, so I'm not sure about that one.
EL
Elli
11 months ago
I practiced a question similar to this, and I recall that private firms can still seek profit, so A doesn't seem right.
DO
Donte
12 months ago
I'm a bit unsure, but I remember something about private firms being owned by shareholders. That makes me lean towards option B.
GL
Glen
12 months ago
I think a private firm is one that is not directly owned by the state, so I might go with option D.
ZA
Zachary
12 months ago
I'm a little stuck on this one. I know private firms are different from public organizations, but I'm not sure I fully understand the nuances. I might need to review my notes before answering.
SH
Shelia
1 year ago
I'm pretty confident that the correct answer is D. A private firm is an organization that is not directly owned by the state, which distinguishes it from a public or state-owned enterprise.
BE
Berry
1 year ago
Okay, I think I've got it. A private firm is one that is owned by shareholders, not the government. So I'm going to go with option B.
BR
Britt
1 year ago
Hmm, I'm a little unsure about this one. I know private firms are not owned by the state, but I'm not sure if that's the best way to describe them. I might need to think this through a bit more.
SH
Shawnda
1 year ago
This seems like a straightforward question about the definition of a private firm. I'll start by eliminating the options that don't seem to fit, like A and C.