A business outfit is said to be a public limited company when it
ECONOMICS
WAEC 2008
A business outfit is said to be a public limited company when it
- A. is owned by the government
- B. operates as a public corporations
- C. is run by the public
- D. sells its shares to members of the public
Correct Answer: D. sells its shares to members of the public
Explanation
A public limited company is a company that sells its shares to members of the public and whose liabilities don't affect the private properties of its owners in the event of a liquidation. It means that the liability is limited to the amount invested
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