Question 27
Business OrganisationsWhich of the following is not a form of business organization?
- A.Sole proprietorship
- B.Cartel
- C.Partnership
- D.Joint stock
- E.Cooperative societies.
Show the answer and explanation
Answer: B (Cartel)
Explanation
A cartel is an agreement among separate firms to fix prices or output, not a form of owning a business.