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WAEC Economics 2008 Question 17

Question 17

Business Organisations

A business outfit is said to be a public limited company when it

  1. A.is owned by government
  2. B.operates as a public corporation
  3. C.is run by the public
  4. D.sells its shares to members of the public.
Show the answer and explanation

Answer: D (sells its shares to members of the public.)

Explanation

A public limited company invites the general public to buy its shares; it is privately owned.