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WAEC Commerce 2009 Question 29

Question 29

Business Units

A private limited company differs from a public limited company because it

  1. A.offers rights issues to existing shareholders
  2. B.has a separate entity from the owners
  3. C.cannot easily transfer shares
  4. D.declares dividend.
Show the answer and explanation

Answer: C (cannot easily transfer shares)

Explanation

Shares in a private company cannot be freely transferred.