JAMB Commerce 2014 Objective — Question 26

Question 26 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

The document that explains the types of shares available for sale to the public is a

A. prospectusCorrect
B. an invoice
C. an open indent
D. a closed indent

Explanation

The prospectus is the document used to advertise to the public to subscribe to the share of a company; it has summary account of the company.

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