NECO Commerce 2023 Objective — Question 30

Question 30 of 50 from the National Examinations Council (NECO) Commerce 2023 Objective paper, with the correct answer and a full explanation.

Public companies are required to publish their final accounts and file returns on the stock exchange mainly to (a) attract more customers (b) protect the interests of shareholders and the public (c) reduce competition (d) avoid paying tax

A. attract more customers
B. protect the interests of shareholders and the publicCorrect
C. reduce competition
D. avoid paying tax

Explanation

Public companies must publish accounts and file with the stock exchange as a legal requirement, providing transparency that protects shareholders, creditors and the investing public.

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