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JAMB Economics 1982 Question 10

Question 10

Business Organisations

Who controls a limited liability company?

  1. A.The general manager
  2. B.The managing director
  3. C.The owner of 51% of the shares
  4. D.The board of directors
  5. E.The government.
Show the answer and explanation

Answer: D (The board of directors)

Explanation

Shareholders elect a board of directors, which controls and directs the company on their behalf.