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JAMB Economics 1979 Question 45

Question 45

Business Organisations

A typical corporate form of business organization is owned by

  1. A.presidents of the country
  2. B.shareholders
  3. C.the general manager and the executives of the business concern
  4. D.a local government
  5. E.foreigners and citizens of the country.
Show the answer and explanation

Answer: B (shareholders)

Explanation

A company (corporation) is owned by the people who hold its shares.