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WAEC Commerce 2019 Question 7

Question 7

Business Units

The type of business where management is separated from ownership is a

  1. A.sole proprietorship
  2. B.public company
  3. C.partnership.
  4. D.cooperative society.
Show the answer and explanation

Answer: B (public company)

Explanation

A public company is owned by many shareholders but run by a board of directors and paid managers.