Question 25
Business OrganisationsA public liability company is different from a private limited company because it
- A.is registered with the registrar of companies
- B.is a legal entity
- C.can raise capital of any size by way of loans
- D.can sell shares in the stock exchange
Show the answer and explanation
Answer: D (can sell shares in the stock exchange)
Explanation
Only a public company may offer its shares to the general public through the stock exchange; both kinds are registered and are legal entities.