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Identify which of the following types of business organization has the maximum number of members. - Entrepreneurship

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Question

Identify which of the following types of business organization has the maximum number of members.

Options

  • Sole Proprietorship

  • Partnership

  • Public Limited Company

  • Private Limited Company

MCQ
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Solution

Public Limited Company

Explanation:

A Public Limited Company can have the maximum number of members, with no upper limit on membership. This allows it to raise large amounts of capital from the public by issuing shares. In contrast, a Private Limited Company can have up to 200 members, a Partnership up to 50 partners, and a Sole Proprietorship only one owner. Hence, the correct answer is Public Limited Company.

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