Commerce Paper 2, May/June 2011  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments

question 3

  1. State any four advantages of a public limited company
  2. Explain the following:
    - Ordinary Shares
    - Cumulative preference Shares
    - Debenture



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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