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GCE Economics 1989 Question 17

Question 17

Business Organisations

A firm is said to be a Public Joint-Stock Company when it

  1. A.is owned by the government
  2. B.operates as a public corporation
  3. C.is a limited liability company
  4. D.sells its shares to members of the public
  5. E.is administered by the public.
Show the answer and explanation

Answer: D (sells its shares to members of the public)

Explanation

A public company can invite the general public to buy its shares, e.g. on the stock exchange.