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WAEC Commerce 1999 Question 37

Question 37

Government and Business

Business losses in nationalized industries are borne by the

  1. A.Shareholders
  2. B.Debenture holders
  3. C.Board of directors
  4. D.Public
Show the answer and explanation

Answer: D (Public)

Explanation

Nationalised industries belong to the state, so losses fall on the public (taxpayers).