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DigiTransact Mastermind
ACCAACCA Extended Practice

Business Law & Governance

University 8 questions
AI-drafted from platform data — specialist review scheduledBy DigiTransact Mastermind editorial team
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What business law & governance means

Corporate and business law (LW) plus governance and ethics themes.

Before you start

Not confident yet? Work through Management Accounting (MA) first.

Worked example

One question from this skill's own question bank, shown with its full working.

Question

A private limited company is owned by its:

  • directors
  • shareholders
  • employees
  • creditors
Answer: shareholders

Working: Shareholders own the company; directors manage it on their behalf.

Curriculum and exam alignment

Tertiary foundation coursework

Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.

Related skills

Other ACCA Extended Practice skills in ACCA, at the same point in the course.

Other ACCA topics

Related study guides

Exams that assess business law & governance

University work on this skill feeds directly into these exam papers. Each page lists the ACCA topics that appear on it.

How this page was produced

This text was drafted with AI assistance from the questions and topics already stored on the platform. A subject-specialist review is scheduled but has not yet been recorded, so we do not claim it here.

Written by
DigiTransact Mastermind editorial team
Human review
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Practise business law & governance

8 questions with a worked answer after every attempt, and a SmartScore that tracks how close you are to mastery.

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