The ownership of a public limited liability company is made up of
ECONOMICS
JAMB 2000
The ownership of a public limited liability company is made up of
- A. two to twenty persons B. minimum of two and maximum of fifty C. minimum of seven and no maximum number D. owner owned by the government
- B. minimum of two and maximum of fifty
- C. minimum of seven and no maximum number
- D. owner owned by the government
Correct Answer: C. minimum of seven and no maximum number
Explanation
In order for a company to be public , it should have a minimum of 7 members (maximum unlimited). Limited liability: The liability of a public company is limited. No shareholder is individually liable for the payment
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