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WAEC Commerce 2010 Question 10

Question 10

Business Units

A company whose shares are not easily transferable is a

  1. A.private limited company.
  2. B.public limited company.
  3. C.public corporation.
  4. D.company limited by guarantee.
Show the answer and explanation

Answer: A (private limited company.)

Explanation

A private company restricts the transfer of its shares.