GCECommerceBusiness Organisations2022

Which of the following is a feature that distinguishes a public limited company from a private limited company?

AA public limited company has perpetual succession while a private limited company does not
BA public limited company can offer its shares to the general public through a stock exchangeCORRECT
CMembers of a public limited company enjoy limited liability while members of a private limited company do not
DA public limited company is managed by a board of directors while a private limited company is managed solely by its owners
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Why the answer is B, and why the others tempt you.
A key distinguishing feature of a public limited company (Plc) is its ability to invite the general public to subscribe to its shares and debentures, usually through a stock exchange. Both public and private limited companies enjoy limited liability and perpetual succession.
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