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JAMB Commerce 2011 Question 27

Question 27

Business Units

The business organization that can effectively combine management with control is

  1. A.private limited liability company
  2. B.sole proprietorship
  3. C.public limited liability company
  4. D.co-operative society.
Show the answer and explanation

Answer: B (sole proprietorship)

Explanation

In a sole proprietorship the owner both manages and controls the business himself.