GCE Commerce 2025 Objective — Question 13
Question 13 of 50 from the General Certificate of Education (GCE) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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A business unit that is restricted from transferring shares freely is a
- A. sole proprietorship
- B. private companyCorrect
- C. public company
- D. cooperative society
Explanation
A defining characteristic of private companies is restriction on the free transfer of shares.
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