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WAEC Economics 1993 Question 16

Question 16

Business Organisations

Which of the following business establishments are not motivated mainly by profit?

  1. A.Public Limited Companies
  2. B.Private Limited Companies
  3. C.Holding Companies
  4. D.Partnerships
  5. E.Co-operatives.
Show the answer and explanation

Answer: E (Co-operatives.)

Explanation

Co-operatives exist mainly to serve their members' welfare, not to make profit.