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Which of the following businesses can raise capital through the stock exchange?

Commerce
WAEC 2021

Which of the following businesses can raise capital through the stock exchange?

  • A. Sole proprietorship
  • B. Private company
  • C. Public company
  • D. Cooperative society
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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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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995