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WAEC Economics 2017 Question 23

Question 23

Business Organisations

If a state-owned firm is sold through the stock market, the organisation becomes a

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

Answer: C (public limited company.)

Explanation

Selling shares to the public turns it into a public limited company.