JAMB Commerce 2021 Objective — Question 28
Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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28. Which of the following form of business has no limitation to the number of owners? a. Co-operative society b. Partnership c. Private limited company d. Public limited company
- A. Co-operative society
- B. Partnership
- C. Private limited company
- D. Public limited companyCorrect
Explanation
A public limited company has no upper limit on the number of owners (shareholders), unlike partnerships and private limited companies which have restrictions.
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