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WAEC Economics 2018 Question 22

Question 22

Business Organisations

Public limited liability companies are democratic in nature because

  1. A.government appointees are members of the board.
  2. B.they are run by elected public officers.
  3. C.electoral principles are adopted in the day-to-day management.
  4. D.shareholders elect the board of directors.
Show the answer and explanation

Answer: D (shareholders elect the board of directors.)

Explanation

Shareholders vote to elect the board of directors.