Equity shares form the bulk of the capital of a?
ECONOMICS
WAEC 2017
Equity shares form the bulk of the capital of a?
- A. private firm
- B. public company
- C. statutory company
- D. limited partnership
Correct Answer: B. public company
Explanation
An equity share, commonly referred to as ordinary share also represents the form of fractional or part ownership in which a shareholder, as a fractional owner, undertakes the maximum entrepreneurial risk associated with a business venture. The holders of such shares are members of the company and have voting rights. This is mainly associated with a public limited liability company
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