public limited liability companies are democratic in nature because?

Economics

WAEC 2018

A. government appointees are members of the board
B. they are run by elected public officers
C. electoral principles are adopted in the day-to-day management
D. shareholders elect the board of directors

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Correct Answer: Option D

Explanation

The directors could not dictate the decisions in the company as the rights in decision making process also vest in the hands of shareholders. Thus democracy is maintained well.

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public limited liability companies are democratic in nature because?

Correct Answer: Option D

Explanation

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