JAMB Economics 2019 Objective — Question 21
Question 21 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2019 Objective paper, with the correct answer and a full explanation.
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A public limited company is one
- A. owned by the government
- B. with unlimited shareholder liability
- C. that cannot sell its shares to the public
- D. owned by shareholders, whose liability is limited to the value of their shares, and whose shares may be bought/sold on the stock exchangeCorrect
Explanation
A public limited company is owned by its shareholders, whose liability is limited to the value of their shares; shares may be bought and sold publicly on the stock exchange.
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