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

Which TWO of the following are features of a private limited company?
B) Usually a small number of owners and D) Recognised as a 'person' in the eyes of the law
A) Listed on the stock exchange
C) Usually a large number of owners

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?

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Suggested Answer: B, D

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

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Mariann
9 months ago
Not sure about D, sounds a bit odd to me.
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Nichelle
9 months ago
Totally agree, small number of owners is key!
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Rikki
9 months ago
Wait, are they really considered 'people' legally?
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Royce
9 months ago
I thought private companies could be listed too?
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Dong
9 months ago
B and D are definitely correct!
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Asuncion
10 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
10 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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