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WAEC Marketing 2015 Question 30

Question 30

Marketing Finance

Which of the following is a source of fund that a limited liability company will not pay back?

  1. A.Debenture
  2. B.Ordinary shares
  3. C.Overdraft
  4. D.Bank loans
Show the answer and explanation

Answer: B (Ordinary shares)

Explanation

Ordinary share capital is owners' money and is not repaid while the company exists; debentures, overdrafts and loans must be repaid.