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WAEC Commerce 2007 Question 5

Question 5

Business Units

A partnership cannot raise its capital by

  1. A.selling shares to the public
  2. B.personal contribution of partners
  3. C.admission of new partners
  4. D.undistributed profits.
Show the answer and explanation

Answer: A (selling shares to the public)

Explanation

Only public companies can sell shares to the public.