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WAEC Commerce 2018 Question 17

Question 17

Business Units

A business which requires a certificate of trading in order to commence operation is a

  1. A.co-operative society.
  2. B.private company.
  3. C.sole proprietorship.
  4. D.public company.
Show the answer and explanation

Answer: D (public company.)

Explanation

A public company must obtain a certificate of trading (to commence business) before it starts trading.