passwella.
Menu

WAEC Economics 2010 Question 16

Question 16

Business Organisations

A firm is said to be a public joint stock company when it

  1. A.is owned by the government.
  2. B.sells its shares to members of the public.
  3. C.operates as a government corporation.
  4. D.is not legally recognized as a firm.
Show the answer and explanation

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

Explanation

A public company raises capital by selling shares to the general public.