Commerce
WAEC 2021
Which of the following businesses can raise capital through the stock exchange?
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A.
Sole proprietorship
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B.
Private company
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C.
Public company
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D.
Cooperative society
Correct Answer: Option C
Explanation
A public company is a corporation whose ownership is distributed amongst general public shareholders through publicly-traded stock shares. This means this kind of business enterprise can raise capital through the issue of shares in the stock exchange market
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