WAEC Commerce 2021 Objective — Question 8
Question 8 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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Which of the following businesses can raise capital through the stock exchange?
- A. Sole proprietorship
- B. Private company
- C. Public companyCorrect
- D. Cooperative society
Explanation
Public limited liability companies quoted on the Nigeria Stock Exchange are the only form of business that can raise capital on the exchange floor.
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