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WAEC Commerce 2023 Question 13

Question 13

Business Units

A similarity of a private and public company is that they

  1. A.are required to publish their final accounts.
  2. B.have equal number of members.
  3. C.receive certificate of incorporation.
  4. D.sell shares on the stock exchange.
Show the answer and explanation

Answer: C (receive certificate of incorporation.)

Explanation

Both private and public companies are registered and receive a certificate of incorporation; only public companies sell shares on the stock exchange.