WAEC - Economics (2017 - No. 23)
if a state owned firm is sold through the stock market, the organisation becomes?
partnership
private company
public limited company
public corporation
Explication
A state-owned enterprise (SOE) is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership. Defining characteristics of SOEs are their distinct legal form and operation in commercial affairs and activities. When a state owned stocks are traded in the stock exchange, they become a public limited company.