WAEC Commerce 2023 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
A business that can obtain capital through the sale of shares is a A. sole proprietorship.
- A. sole proprietorship
- B. public corporation
- C. public companyCorrect
- D. cooperative society
Explanation
A public company can raise capital by issuing shares to the public for subscription since it can have unlimited number of owners.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.