IAI CB1 Practice Questions - IAI Subject CB1 Business Finance Exam

A key feature distinguishing a public limited company from a private limited company is that a public limited company:

Cannot issue shares to raise capital Has unlimited liability for its shareholders Is exempt from preparing audited financial statements May offer its shares to the general public and be listed on a stock exchange

Correct Answer:

May offer its shares to the general public and be listed on a stock exchange

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