An incorporated business that allows the general public to buy and sell shares in the company via a stock exchange.

• A. Private Limited Company
• B. Public Limited Company
• C. Partnership
• D. Cooperative

Answer: (B)

Being able to offer shares to the general public and have those shares traded on a stock exchange defines a Public Limited Company. This form is an incorporated entity, so owners have limited liability, and it can raise significant capital by selling shares to anyone in the public. A private limited company, while still incorporated and with limited liability, does not offer its shares to the public and restricts who can buy them. A partnership isn’t an incorporated business and doesn’t issue shares traded on a stock exchange. A cooperative is owned by its members and isn’t typically listed on a stock market. So the description fits a public limited company.