Post-UTME Economics 2009 Objective — Question 6

Question 6 of 13 from the Post-UTME Screening (Post-UTME) Economics 2009 Objective paper, with the correct answer and a full explanation.

The maximum number of shareholders to own a joint stock company is

A. 7
B. 2
C. 20
D. 50Correct

Explanation

This item's exact figure depends on the specific companies-law context referenced in the original syllabus; option D (50, often cited as a private company shareholder limit in some jurisdictions) is presented as the most standard textbook answer.

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