CIMAPRA17-BA1-1 Exam - Topic 3 Question 116 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 116
Topic #: 3

[All CIMAPRA17-BA1-1 Questions]

Which of the following statements best describes a private firm?

AAn organization that does not seek profit

BAn organization that is owned by shareholders

CAn organization that is outside the state's influence

DAn organization that is not directly owned by the state

Show Suggested Answer

Suggested Answer: D

by Mabel at Aug 17, 2025, 07:14 PM

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Viva

3 months ago

Wait, can a private firm really be outside the state's influence?

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Helga

3 months ago

Totally agree, B is the right answer!

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Launa

3 months ago

A private firm is usually owned by shareholders.

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Iluminada

4 months ago

D makes sense too, not owned by the state is key.

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Lauran

4 months ago

I thought private firms were all about profit, not A!

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Ammie

4 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.

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Elli

4 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.

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Donte

4 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.

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Glen

5 months ago

I think a private firm is one that is not directly owned by the state, so I might go with option D.

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Zachary

5 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.

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Shelia

5 months 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.

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Berry

5 months 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.

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Britt

5 months 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.

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Shawnda

6 months 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.

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