Discuss CIMA CIMAPRA17-BA4-1 Exam Topic 6 Question 55

Which of the following statements in relation to companies is correct?

AA member of a public company limited by shares has a right to participate in the management of the company.

BA mam advantage of carrying on business through the medium of a private company limited by shares is that the company is not fully liable for its own debts

CA disadvantage of running a private company limited by shares is that it is much more bureaucratic than a sole tradership

DA public company limited by shares generally has less access to capital than a general partnership

Suggested Answer: B

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13 comments · newest first

Glendora 12 months ago

I thought public companies had more capital options, interesting!

Markus 12 months ago

Private companies do have less liability for debts, that's true!

Irene 1 year ago

Wait, how can a public company have less access to capital? That seems off.

Miriam 1 year ago

Totally agree, option C is spot on!

Stevie 1 year ago

A public company has shareholders, but they don't manage it directly.

Loreta 1 year ago

I thought option D was definitely wrong because public companies usually have more access to capital compared to partnerships, but I might be mixing up some concepts.

Franklyn 1 year ago

I feel like option C could be true since private companies do have more regulations than sole traders, but I can't recall the specifics.

Zack 1 year ago

I remember discussing the liabilities of private companies, and I think option B is misleading. Private companies can still be liable for their debts, right?

Torie 1 year ago

I think option A might be correct because members usually have some rights in management, but I'm not entirely sure how it works for public companies.

Mitsue 1 year ago

Hmm, I'm a bit unsure about the differences between the community options. I'll need to re-read that part carefully.

Sharika 1 year ago

This looks straightforward, I'm confident I can implement the required functions and events for an ERC20 token contract.

Nu 1 year ago

Hmm, this looks like a tricky one. I'll need to think carefully about the different client types that support the Open Tracing standard.

Micah 1 year ago

I'm pretty confident the answer is C. The 95% confidence interval is telling us about the true average lift, not the individual campaign lifts. So there's a 95% chance the actual average lift is between 133 and 145.

CIMAPRA17-BA4-1 Exam - Topic 6 Question 55 Discussion