The ownership of a public limited liability company is made up of

Economics

JAMB 2015

A. two to twenty persons
B. minimum of two and maximum of fifty
C. minimum of seven and no maximum number
D. owner owned by the government

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Correct Answer: Option C

Explanation

In order for a company to be public , it should have a minimum of 7 members (maximum unlimited). Limited liability: The liability of a public company is limited. No shareholder is individually liable for the payment.

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The ownership of a public limited liability company is made up of

Correct Answer: Option C

Explanation

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