BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these statements about Public Limited Companies (PLC) is true?
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The general public may invest in any PLC
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Shareholders in a PLC do not have limited liability
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A PLC must have a minimum share capital of £1million
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A PLC doesn’t have to offer its shares on a stock exchange
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Explanation:
Detailed explanation-1: -A PLC may have shares traded on an exchange but not all PLCs do so.
Detailed explanation-2: -They are owned by the directors of the company. The directors appoints shareholders who manages all the operations of the company.
Detailed explanation-3: -b)They are owned by the directors but controlled by the shareholders. c)The are owned by shareholders but controlled by directors. d)They are owned and controlled by the government. Correct answer is option ‘C’.
Detailed explanation-4: -Which of the following statements best applies to a public limited company (plc)? It is owned by the government and is in the public sector. It is owned by shareholders who can sell their shares in the Stock Exchange.
There is 1 question to complete.