GCE Economics 2024 Objective — Question 23

Question 23 of 50 from the General Certificate of Education (GCE) Economics 2024 Objective paper, with the correct answer and a full explanation.

Separation of ownership from control is more pronounced in a

A. A. partnership
B. B. joint-stock companyCorrect
C. C. sole-proprietorship
D. D. consumer cooperative society

Explanation

A joint stock company is also known as public limited liability company, in this case, there is separation of ownership from management or control. However, in the case of small businesses such as sole proprietorship and partnership, the ownership of the business and its control are not separated i.e not a legal entity business ventures.

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