A business outfit is said to be a public limited company when it

  • A is owned by the government
  • B operates as a public corporations
  • C is run by the public
  • D sells its shares to members of the public
waec 2008economics

The correct answer is D. sells its shares to members of the public

A public limited company is a company that sells its shares to members of the public and whose liabilities don't affect the private properties of its owners in the event of a liquidation. It means that the liability is limited to the amount invested

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