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WAEC Commerce 2015 Question 45

Question 45

Business Units

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

  1. A.does not issue its shares to the public.
  2. B.has a separate entity.
  3. C.has many directors.
  4. D.is a going concern.
Show the answer and explanation

Answer: A (does not issue its shares to the public.)

Explanation

A private company cannot invite the public to buy its shares.