A firm is said to be a public joint stock company when it
ECONOMICS
WAEC 2010
A firm is said to be a public joint stock company when it
- A. is owned by the government
- B. sells its shares to members of the public
- C. operates as a government corporation
- D. is not legally recognized as a firm
Correct Answer: B. sells its shares to members of the public
Explanation
A public joint stock company is a business association engaged in a business for profit making, with ownership interests represented by sales of shares/stock to the public. This business entity has share capital divided into shares of equal nominal value
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