. (a) Differentiate between Public and Private Limited Companies. [15 marks]
(b) Stock exchange is a very important organ in the economic development of
a country.
(i) Define the term Stock Exchange. [5 marks]
(ii) Outline five (5) functions of the Stock Exchange. [10 marks]
2. Share and debentures are tools that are used in Joint Stock Companies. In your
opinion, discuss in detail the differences between the two terms. [20 marks]
3. Delegation helps in management. Outline to a new manager who has joined your
organization (5) five principles of delegation. [20 marks]
4. Discuss the functions of management in relation to business. [20 marks]
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