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Equity shares form the bulk of the capital of a?

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Economics WAEC 2017

Equity shares form the bulk of the capital of a?

  • private firm
  • public company checkmark
  • statutory company
  • limited partnership

The correct answer is: B

Explanation

An equity share, commonly referred to as ordinary share also represents the form of fractional or part ownership in which a shareholder, as a fractional owner, undertakes the maximum entrepreneurial risk associated with a business venture. The holders of such shares are members of the company and have voting rights. This is mainly associated with a public limited liability company

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