CIMA Exam CIMAPRA19-E01-1 Topic 6 Question 73 Discussion

Actual exam question for CIMA's CIMAPRA19-E01-1 exam

Question #: 73
Topic #: 6

[All CIMAPRA19-E01-1 Questions]

WhichTWOof the following are non-incorporated organisations?

AK, who runs a business alone and is entitled to all profits

BP and Q who share joint responsibility for their business and all its debts

CMN, a family-owned business sharing profits by means of dividends

DXY, an organisation whose owners can trade their shares publicly

EThe British Red Cross Society, a well known charity

Show Suggested Answer

Suggested Answer: A, B, C

by Kanisha at Aug 10, 2023, 05:55 PM

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Natalya

30 days ago

I'm going with B and E, but I have to say, the wording on some of these options is really confusing. Maybe the exam writer needs to work on their question-writing skills.

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Kelvin

1 months ago

This is easy! B and E are the non-incorporated organizations. I mean, the British Red Cross Society? That's about as non-incorporated as it gets.

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Ha! I bet the person who wrote this question was trying to trick us. 'XY, an organisation whose owners can trade their shares publicly' - that's definitely a corporation, not a non-incorporated organization.

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Mable

5 days ago

B) P and Q who share joint responsibility for their business and all its debts

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Lynsey

6 days ago

A) K, who runs a business alone and is entitled to all profits

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Cyndy

1 months ago

Hmm, I'm not sure about A. Doesn't a sole proprietorship have a legal structure? But B and E definitely seem like the right answers to me.

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Golda

6 days ago

A) K, who runs a business alone and is entitled to all profits

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Rosio

2 months ago

I think the answers are B and E. A sole proprietorship and a partnership are both non-incorporated organizations, while a corporation and a family-owned business with dividends are incorporated.

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Annalee

1 months ago

User 2

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Ivette

1 months ago

User 1

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Felicitas

3 months ago

I think D is also a non-incorporated organisation because they can trade their shares publicly.

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Gracie

3 months ago

I disagree, I believe B and C are the correct options.

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Ozell

3 months ago

I think A and E are non-incorporated organisations.

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CIMA Exam CIMAPRA19-E01-1 Topic 6 Question 73 Discussion

Contribute your Thoughts:

Natalya

Kelvin

Lavelle

Mable

Lynsey

Cyndy

Golda

Rosio

Annalee

Ivette

Felicitas

Gracie

Ozell