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WAEC Commerce 2003 Question 14

Question 14

Business Units

In which of the following do shareholders always vote according to their shareholdings?

  1. A.Partnership
  2. B.Cooperative society
  3. C.Public limited company
  4. D.Public corporation
Show the answer and explanation

Answer: C (Public limited company)

Explanation

In a company each share carries a vote; in a co-operative it is one member, one vote.