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WAEC Commerce 1994 Question 3

Question 3

Business Units

A business that has no upper limit to the number of owners is

  1. A.partnership
  2. B.private company
  3. C.public corporation
  4. D.finance company
  5. E.public limited company
Show the answer and explanation

Answer: E (public limited company)

Explanation

A public limited company has a minimum number of members but no maximum.