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A business that can obtain capital through of sale of shares is a

Commerce
WAEC 2023

A business that can obtain capital through of sale of shares is a

  • A. demurrage
  • B. freight
  • C. charge
  • D. dock due
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Correct Answer: Option A
Explanation

A public company, also known as a joint stock company or public liability company, is a business entity that can obtain capital by selling shares to the public through a process called initial public offering (IPO) or subsequent offerings. This allows the company to raise funds from a wide range of investors by offering ownership shares or equity in the company.


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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789