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Equity shares form the bulk of the capital of a?

Economics
WAEC 2017

Equity shares form the bulk of the capital of a?

  • A. private firm
  • B. public company
  • C. statutory company
  • D. limited partnership
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Correct Answer: Option B
Explanation

An equity share, commonly referred to as ordinary share also represents the form of fractional or part ownership in which a shareholder, as a fractional owner, undertakes the maximum entrepreneurial risk associated with a business venture. The holders of such shares are members of the company and have voting rights. This is mainly associated with a public limited liability company


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