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WAEC Economics 2024 Question 23

Question 23

Business Organisations

Separation of ownership from control is more pronounced in a

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

Answer: B (joint-stock company.)

Explanation

Shareholders own a joint-stock company but managers run it.