JAMB Commerce 2019 Objective — Question 11

Question 11 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2019 Objective paper, with the correct answer and a full explanation.

The term PLC implies that the shares are available

A. publicly on the Stock ExchangeCorrect
B. privately on the Stock Exchange
C. to the public at the company
D. publicly in commercial banks

Explanation

PLC means public limited company. A PLC must be quoted on the stock exchange, allowing the public to subscribe to its shares.

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