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JAMB Economics 1988 Question 27

Question 27

Business Organisations

In a public company, entrepreneurial functions are performed by the

  1. A.workers
  2. B.shareholders
  3. C.general manager
  4. D.board of directors.
Show the answer and explanation

Answer: D (board of directors.)

Explanation

In a public company the board of directors, elected by shareholders, takes the major decisions and directs the business.