Which of the following features distinguishes a public li...
Which of the following features distinguishes a public limited company from a private limited company?
Perpetual existence
Limited liability
Legal entity
Sales of shares to the public
Correct answer is D
A private limited company is a business entity that is held by private owners. However, private limited companies do not need to issue a prospectus because the public is not invited to subscribe for the shares of the company. A private limited company needs a minimum of only 2 directors. private company, the number of shares traded is relatively smaller and also the traded shares are owned by limited individuals.
On the other hand, the shareholders in a public limited company are the public. A company whose securities are traded on a stock exchange and can be bought and sold by anyone. Public companies are strictly regulated, and are required by law to publish their complete and true financial position so that investors candetermine the true worth of its stock (shares). Also called publicly held company.
In production, factory buildings are regarded as ...
In the the longrun, a firm must shut down if its average revenue is? ...
A good measure of the standard of living usually used for international comparison is ...
Which of the following factors is NOT responsible for the rural/urban drift in Nigeria? ...
Which is NOT a direct effort to increase Agricultural production in Nigeria? ...
Production in Economics occurs when ...
Which of the taxes appear generally progressive in nature? ...