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CIMA Exam CIMAPRA17-BA4-1 Topic 7 Question 86 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 86
Topic #: 7
[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

Contribute your Thoughts:

2 days ago
But private companies don't need minimum share capital, right? So it can't be 1.
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11 days ago
I'm not sure about A. I heard public companies need a minimum share capital.
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29 days ago
This question seems tricky. Do you think it's A?
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