WAEC Economics 2015 Objective — Question 23
Question 23 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following features distinguishes a public limited company from a private limited company?
- A. Perpetual existence
- B. Limited liability
- C. Legal entity
- D. Sale of shares to the publicCorrect
Explanation
A key distinguishing feature is that a public limited company can sell/offer its shares to members of the public, whereas a private limited company cannot.
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