WAEC Past Questions and Answers - Page 118

586.

A major advantage of the private company over a partnership is that the private company

A.

can sell shares

B.

has limited liability

C.

can publish its account

D.

is allowed to borrow from commercial banks

Correct answer is B

No explanation has been provided for this answer.

587.

Which of the following documents is used to advertise shares to the public?

A.

Letter of allotment

B.

Articles of association

C.

Memorandum of asscociation

D.

Prospectus

Correct answer is D

No explanation has been provided for this answer.