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WAEC Economics 1997 Question 36

Question 36

Business Organisations

In a public company, entrepreneurial functions are performed by the

  1. A.workers
  2. B.shareholders
  3. C.creditors
  4. D.board of directors
  5. E.chairman
Show the answer and explanation

Answer: D (board of directors)

Explanation

In a public company the board of directors makes the major decisions and organises the business on behalf of the shareholders.