Which of the following can quote its shares on the stock exchange?
Which of the following can quote its shares on the stock exchange?
- A) Partnership
- B) Co-operative society
- C) Sole proprietorship
- D) Public limited Company
Correct Answer: D) Public limited Company
Explanation
A partnership is a type of business where two or more individuals agree to share the profits and losses of a business. However, partnerships cannot quote their shares on the stock exchange because they are not considered separate legal entities from their owners.A co-operative society is an organization where individuals voluntarily come together to meet their common economic, social, and cultural needs. Similar to partnerships, co-operative societies cannot quote their shares on the stock exchange because they are not separate legal entities.
A sole proprietorship is a business owned and operated by a single individual. Like partnerships and co-operative societies, sole proprietorships cannot quote their shares on the stock exchange because they are not considered separate legal entities.
On the other hand, a public limited company is a type of business organization that can quote its shares on the stock exchange. Public limited companies are separate legal entities from their owners and can sell their shares to the public. This means that anyone can buy and sell shares of a public limited company on the stock exchange.
Therefore, the correct answer is Option D: Public limited Company.
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