Public limited liability companies are owned by__________?
ECONOMICS
JAMB 2016
Public limited liability companies are owned by__________?
- A. The federal government
- B. Private and individual organizations
- C. The state government
- D. The federal and state governments
Correct Answer: B. Private and individual organizations
Explanation
public limited company; A company whose securities are traded on a stock exchange and can be bought by anyone. These companies are traded on exchanges and shares where shares can be openly bought or sold by individuals, companies, mutual funds, etc. Hence they are owned by shareholders (private individuals/organizations). Public limited liability companies have an unlimited number of persons and a minimum membership of 7 persons and minimum capital requirements of N5 million.
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