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JAMB Commerce 2000 Question 38

Question 38

Business Units

After registration, a certificate of trading is usually issued to a

  1. A.partnershp
  2. B.public company
  3. C.private company
  4. D.sole proprietorship.
Show the answer and explanation

Answer: B (public company)

Explanation

A public company needs a certificate to commence business (trading) before it can start operating.