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JAMB Economics 1986 Question 25

Question 25

Business Organisations

In a public company, shares are

  1. A.sold to one person only
  2. B.distributed freely
  3. C.advertised to members of the public for subscription
  4. D.disposed of by the Chief Executive.
Show the answer and explanation

Answer: C (advertised to members of the public for subscription)

Explanation

A public limited company offers its shares to the general public, usually through a prospectus and the stock exchange.