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WAEC Economics 2020 Question 23

Question 23

Business Organisations

Organization and entrepreneurship are vested in different persons in a

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

Answer: D (public company.)

Explanation

In a public company, shareholders bear the risk while hired directors and managers organise the business.