A business that can obtain capital through of sale of shares is a
COMMERCE
WAEC 2023
A business that can obtain capital through of sale of shares is a
- A. demurrage
- B. freight
- C. charge
- D. dock due
Correct Answer: A. demurrage
Explanation
A public company, also known as a joint stock company or public liability company, is a business entity that can obtain capital by selling shares to the public through a process called initial public offering (IPO) or subsequent offerings. This allows the company to raise funds from a wide range of investors by offering ownership shares or equity in the company.
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