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- State any four advantages of a public limited company
- Explain the following:
- Ordinary Shares
- Cumulative preference Shares
- Debenture
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This was a popular question among the candidates. Those attempted it did very well particularly the part (a) of the question. The advantages of public liability company mostly omitted by many candidates include:
- Ability to employ expert/specialist
- Employee can become co-owners by acquiring the Company’s Share.
The explanations of Ordinary shares, Accumulative Shares and Debenture were very well attempted.
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