Which of the following is a characteristic of a private company?

Assessment: WAEC SSCE - Commerce - 1997 (Objective) Subject: Commerce

Question 1 Report

Which of the following is a characteristic of a private company?
Answer Details
A private company is a type of company in which its ownership is held privately and shares are not offered for public subscription. A characteristic of a private company is that shares are not dealt in on the stock exchange, meaning the company's shares are not publicly traded. This differs from a public company, in which shares are available for public subscription and are traded on the stock exchange.
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