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CIMAPRA17-BA3-1 Exam - Topic 1 Question 3 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 3
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

Which TWO of the following are features of a private limited company?

AListed on the stock exchange

BUsually a small number of owners

CUsually a large number of owners

DRecognised as a 'person' in the eyes of the law

Show Suggested Answer

Suggested Answer: B, D

by Gail at May 06, 2022, 11:59 PM

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Mariann

10 months ago

Not sure about D, sounds a bit odd to me.

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Nichelle

10 months ago

Totally agree, small number of owners is key!

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Rikki

11 months ago

Wait, are they really considered 'people' legally?

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Royce

11 months ago

I thought private companies could be listed too?

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Dong

11 months ago

B and D are definitely correct!

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Asuncion

11 months ago

Hmm, I'm a bit unsure about this one. There are a few different options that seem plausible. I'll need to carefully read through each choice and think about how they relate to the situation described in the question. My initial instinct is that program performance monitoring and controlling might be the right answer, but I want to double-check the other choices first.

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Isidra

11 months ago

I definitely practiced questions about types of failures, and cleavage sounded like it could be a good answer, but I'm uncertain.

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