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WAEC Commerce 2021 Question 8

Question 8

Business Units

Which of the following businesses can raise capital through the stock exchange?

  1. A.Sole proprietorship
  2. B.Private company
  3. C.Public company
  4. D.Cooperative society
Show the answer and explanation

Answer: C (Public company)

Explanation

Only a public limited company can offer its shares to the general public and have them quoted on the stock exchange.