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WAEC Commerce 2005 Question 6

Question 6

Business Units

An advantage of a public limited company over a private one is the

  1. A.limited liability of shareholders
  2. B.easy transferability of shares
  3. C.access to retained earnings
  4. D.less taxation by government
Show the answer and explanation

Answer: B (easy transferability of shares)

Explanation

Public company shares are freely transferable on the stock exchange; both kinds of company have limited liability.