A business outfit is said to be a public limited company ...
A business outfit is said to be a public limited company when it
Is owned by the government
Operates as a public corporations
Is run by the public
Sells its shares to members of the public
Correct answer is D
A public limited company is a company that sells its shares to members of the public and whose liabilities don't affect the private properties of its owners in the event of a liquidation. It means that the liability is limited to the amount invested.
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