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CIMAPRA17-BA4-1 Exam - Topic 10 Question 87 Discussion

Which of the following is correct?(i) The first directors are appointed upon the incorporation of the company.(ii) A director is a person who occupies the position of director by whatever name called.(iii) A shadow director is a person in accordance with whose directions or instructions the directors of the company are accustomed to act.
B) (i) and (ii) only
A) (i) only
C) (ii) and (iii) only
D) (i), (ii) and (iii)

CIMAPRA17-BA4-1 Exam - Topic 10 Question 87 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 87
Topic #: 10
[All CIMAPRA17-BA4-1 Questions]

Which of the following is correct?

(i) The first directors are appointed upon the incorporation of the company.

(ii) A director is a person who occupies the position of director by whatever name called.

(iii) A shadow director is a person in accordance with whose directions or instructions the directors of the company are accustomed to act.

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Suggested Answer: B

by Jill at May 13, 2024, 05:36 PM

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Sommer
9 months ago
Not sure about (ii), isn't it more complicated than that?
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Herminia
10 months ago
(i) is correct for sure, that's how it works.
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Alisha
10 months ago
Wait, are shadow directors really a thing?
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Jamie
10 months ago
Yeah, (iii) sounds right too!
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Sanjuana
10 months ago
I think (ii) is definitely true.
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Georgene
10 months ago
I practiced a similar question last week, and I think all three statements could be correct, so I'm leaning towards (D).
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Viki
11 months ago
I think (iii) sounds familiar from our case studies on corporate governance. Shadow directors are definitely a thing.
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Dalene
11 months ago
I'm a bit unsure about (ii); I feel like it might be too broad. Isn't there a specific definition for a director?
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Carey
11 months ago
I remember discussing how directors are appointed during incorporation, so I think (i) is definitely correct.
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Annelle
11 months ago
Alright, let me think this through step-by-step. First directors, then director definition, and finally shadow directors. I've got this - just need to take my time and not rush.
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Gail
11 months ago
Hmm, I'm a bit unsure about this one. The wording seems a bit tricky, and I want to make sure I don't miss any nuances. I'll need to review my notes on director appointments and shadow directors before deciding.
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Boris
11 months ago
This looks like a straightforward question on the basics of company directors. I'll carefully read through each option and think about which ones are correct based on my understanding of the law.
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Kenny
11 months ago
(i) and (iii) seem pretty clear to me, but (ii) has me a bit confused. I'll need to double-check the definition of a director to make sure I'm interpreting that one correctly.
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Oliva
11 months ago
This seems like a straightforward question. I think I'll go with Cloud App Discovery in Microsoft Defender for Cloud Apps since it's designed to identify and manage cloud applications used in the organization.
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Shaniqua
11 months ago
This question seems a bit tricky. I'll need to carefully read through the options and think about the context of the "customized reverse knowledge module" to determine the best answer.
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Lenny
11 months ago
Hmm, I'm a bit unsure about this one. The requirements mention accounts payable and financial consolidation, so I'll need to think through how the different organizational structures could handle those needs.
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Jeannine
11 months ago
The key here is the phrase "as a condition for penalty mitigation". That makes me think the answer is B - Privately available.
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Carin
1 year ago
Is there a 'none of the above' option? These corporate terms are starting to make my head spin. I'll just guess and hope for the best.
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Maryann
1 year ago
Aha! I knew my corporate law classes would come in handy. Option B is the way to go.
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Ma
1 year ago
Great job remembering that from your corporate law classes!
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Charlene
1 year ago
Yes, option B includes both statements (i) and (ii).
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Almeta
1 year ago
I think option B is the correct answer as well.
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Sylvie
1 year ago
I agree, option B is correct.
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Lonna
1 year ago
Wait, a shadow director? That sounds like some kind of corporate superhero! I'll go with C, just to see what that's all about.
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Ulysses
1 year ago
User 3: So, C is the correct answer then.
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Mohammad
1 year ago
User 2: Yeah, it's someone the directors follow without us knowing.
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Alona
1 year ago
User 1: I think a shadow director is like a behind-the-scenes boss.
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Twanna
1 year ago
Hmm, this seems straightforward. I think (i), (ii), and (iii) are all correct, so I'll go with option D.
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Ronald
1 year ago
User 3: Yes, option D covers all the possibilities.
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Juliana
1 year ago
User 2: I agree, option D includes all the statements.
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Ruby
1 year ago
User 1: I think (i), (ii), and (iii) are all correct, so I'll go with option D.
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Leota
1 year ago
I'm not sure, I think it might be C) (ii) and (iii) only.
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Gary
1 year ago
I agree with Beatriz, all three statements seem to be correct.
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Beatriz
1 year ago
I think the correct answer is D) (i), (ii) and (iii).
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