This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
The question asks to classify the Dangote Group of Companies. Step 1: Understand the nature of Dangote Group. The Dangote Group is a large industrial conglomerate in Africa. Its major subsidiary, Dangote Cement Plc, is listed on the Nigerian Exchange (NGX), meaning its shares are publicly traded. Step 2: Evaluate the given options. a) Cooperate Company*: This is not a standard legal classification for a company. b) Private limited Company*: A private limited company restricts the transfer of its shares and does not offer them to the public. Since Dangote Cement Plc is publicly traded, the group is not solely a private limited company. c) Public limited Company*: A public limited company (PLC) is a company whose shares are traded on a stock exchange and can be bought by the general public. Given that Dangote Cement Plc is publicly listed, the Dangote Group operates as a public limited company. d) None of the above*: This is incorrect as option (c) accurately describes the group. The Dangote Group, through its publicly listed entities like Dangote Cement Plc, functions as a public limited company. The final answer is c Send me the next one 📸