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WAEC Economics 2017 Question 22

Question 22

Business Organisations

Equity shares form the bulk of the capital of a

  1. A.private company.
  2. B.public company.
  3. C.statutory company.
  4. D.limited partnership
Show the answer and explanation

Answer: B (public company.)

Explanation

Public companies raise most of their capital by selling ordinary (equity) shares to the public.