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A business outfit is said to be a public limited company ...

A business outfit is said to be a public limited company when it

A.

Is owned by the government

B.

Operates as a public corporations

C.

Is run by the public

D.

Sells its shares to members of the public

Correct answer is D

A public limited company is a company that sells its shares to members of the public and whose liabilities don't affect the private properties of its owners in the event of a liquidation. It means that the liability is limited to the amount invested.