WAEC Economics 2021 Question 23

Question 23

Business Organisations

Separation of ownership of resources and their control is mostly found in

  1. A.sole proprietorship.
  2. B.partnership.
  3. C.joint stock company.
  4. D.consumer co-operative
Show the answer and explanation

Answer: C (joint stock company.)

Explanation

Shareholders own a joint stock company while directors and managers run it.