passwella.
Menu

WAEC Economics 2015 Question 23

Question 23

Business Organisations

Which of the following features distinguishes a public limited company from a private limited company?

  1. A.Perpetual existence
  2. B.Limited liability
  3. C.Legal entity
  4. D.Sale of shares to the public.
Show the answer and explanation

Answer: D (Sale of shares to the public.)

Explanation

Only a public company may offer its shares to the general public.