Question 24 of 61beginner🧠 RememberShort Answer2 marks

What do you mean by a listed company?

Correct Answer

The provided context does not define a listed company. The text classifies companies based on the number of members into Public Company, Private Company, and One Person Company. It defines a Public Company as a company which is not a private company and is not a subsidiary of a private company. It also describes companies based on liability, such as Companies Limited by Shares.

Exercise: Questions for Practice - Short Answer Questions | Q: 5 | (Page 67)
For More Understanding

Explanation

The textbook context provided covers the classification of companies based on the number of members (Public, Private, One Person Company) and liability (Limited by Shares). It does not contain the specific definition or characteristics of a 'listed company' (a company whose shares are traded on a stock exchange). Therefore, the answer clarifies what is available in the text regarding Public Companies while noting the absence of the specific definition requested.