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CIMA Exam CIMAPRA17-BA4-1 Topic 4 Question 88 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 88
Topic #: 4
[All CIMAPRA17-BA4-1 Questions]

Which of the following statements are correct regarding companies'?

1. Both public and private companies must have a minimum amount of share capital before they can commence trading.

2. The shareholders of both public and private companies cannot interfere in the management of the company.

3. The minimum number of directors for both public and private companies is two

Show Suggested Answer Hide Answer
Suggested Answer: A

by Lashonda at May 21, 2024, 05:53 AM

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Allene
1 months ago
I'm going with C. Statements 1 and 2 sound right, but 3 is definitely not correct for both public and private companies.
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Rozella
1 months ago
Wait, are we sure there aren't any trick questions here? This seems too easy. *rubs chin thoughtfully*
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Catherin
1 months ago
Haha, the minimum number of directors being two? That's a pretty low bar, even for a small business. I'll go with B.
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Gabriele
18 days ago
User 2: I agree, but it's good to know the correct statements about companies.
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Dean
19 days ago
User 1: Yeah, having only two directors does seem pretty minimal.
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Helga
21 days ago
Maryrose: Definitely, I think option B is the correct choice.
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Bernadine
24 days ago
Yeah, it definitely makes sense for smaller businesses to have a lower minimum requirement for directors.
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Maryrose
24 days ago
User 2: Agreed, it's not too burdensome for a company.
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Tamie
29 days ago
I agree, having only two directors seems like a manageable number for a company.
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Matthew
30 days ago
User 1: Yeah, having only two directors seems pretty manageable.
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Micaela
2 months ago
No way, statement 2 is definitely wrong. Shareholders definitely have a say in the management of the company, public or private.
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Junita
2 months ago
I think statement 1 is correct. Public companies definitely need to have a minimum share capital before starting operations.
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Afton
24 days ago
D) 2 only
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Leonie
27 days ago
No, shareholders can interfere in the management of the company.
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Ciara
28 days ago
C) 1 and 2 only
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Izetta
1 months ago
That's correct, the minimum number of directors for both public and private companies is two.
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Hoa
1 months ago
A) 1 only
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Louis
1 months ago
B) 2 and 3 only
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Justine
1 months ago
I agree, public companies must have a minimum share capital.
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Johanna
1 months ago
A) 1 only
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Jina
1 months ago
A) 1 only
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