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WAEC Commerce 2001 Question 11

Question 11

Business Units

Which of the following requires a certificate of trading to start business?

  1. A.Partnership
  2. B.Private Limited Company
  3. C.Cooperative Society
  4. D.Public Limited Company
Show the answer and explanation

Answer: D (Public Limited Company)

Explanation

Only a public limited company needs a certificate of trading (commencement) before it can start business.