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CIMAPRA17-BA4-1 Exam - Topic 6 Question 68 Discussion

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
A) 1 only
B) 2 and 3 only
C) 1 and 2 only
D) 2 only

CIMAPRA17-BA4-1 Exam - Topic 6 Question 68 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 68
Topic #: 6
[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

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Suggested Answer: A

by Howard at Mar 30, 2023, 09:20 AM

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Willard
10 months ago
Isn't it weird that both types of companies have the same director minimum?
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Detra
10 months ago
Definitely agree with the share capital requirement!
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Rosio
10 months ago
Wait, I thought private companies only needed one director?
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Lon
11 months ago
I disagree, shareholders can influence management in some cases.
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Catalina
11 months ago
Public companies need a minimum share capital, that's true.
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Gaston
11 months ago
I'm a bit confused about the share capital rules for private companies; I thought they might have different requirements than public ones.
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Katina
11 months ago
I practiced a similar question about directors' requirements, and I believe both types of companies need at least two directors.
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Jackie
11 months ago
I think shareholders can influence management to some extent, especially in private companies, so statement 2 seems off.
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Javier
11 months ago
I remember studying that public companies do need a minimum share capital, but I'm not sure about private companies.
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Portia
11 months ago
This looks like a classic GDPR question. I'll apply the RTBF principles and process of elimination to determine the correct answer.
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Lili
11 months ago
This feels similar to a practice question we did on WACC and tax effects, but I can't recall if I should add or subtract anything with that value spread.
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Mignon
11 months ago
This is a good question that tests our understanding of the Approved Supplier List. I think the answer is B, the global entry that applies to my suppliers. The global entry would take precedence over a local entry, even if the local entry is more specific to my organization. I'll double-check my work, but I'm feeling good about this one.
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Chuck
11 months ago
Hmm, I'm a bit unsure about this one. I'll need to think through the different options and how they could help ensure network continuity.
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Georgiann
11 months ago
I remember we discussed these supplementary features during class, and I think secure SIP lines could be a valid choice too.
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