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JAMB Commerce 2002 Question 32

Question 32

Business Units

A company that is registered with the Corporate Affairs Commission only without being enlisted on the Stock Exchange is a

  1. A.public liability company
  2. B.joint venture company
  3. C.limited company
  4. D.registered company.
Show the answer and explanation

Answer: D (registered company.)

Explanation

A company registered with the CAC but not quoted on the Stock Exchange is simply a registered (unquoted) company.