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CB1 - Business Finance - Core Principles - April 2021 - Examiners’ reportCB1 A2021© Institute and Faculty of ActuariesSolutions for Subject CB1 - April 2021Q1C[2]Q2C[2]Q3C[2]Q4C[2]Q5C[2]Q6C[2]Q7B[2]Q8C[2]Q9B[2]A = 55 - 50B = 55 - (50 - 12)C = 50 - 12D = 55Q10D[2]Q11Directors’ primary duty is to the shareholders, specifically the maximisation of shareholderwealth[1]That is a suitable duty because it can be readily understood and easily communicated tostakeholders[1]It also enables the shareholders to be confident that their wealth is being managed in amanner that is to their financial advantage[1]It is, however, accepted that companies should also be managed in a manner that meets theneeds of a wider range of stakeholders, including employees and society
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