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WAEC Economics 2013 Question 43

Question 43

Business Organisations

Which of the following controls a limited liability company?

  1. A.The general manager.
  2. B.The managing director.
  3. C.Tax payers.
  4. D.The board of directors.
Show the answer and explanation

Answer: D (The board of directors.)

Explanation

The board of directors, elected by shareholders, controls the company.