JAMB Economics 2016 Objective — Question 11
Question 11 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2016 Objective paper, with the correct answer and a full explanation.
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A firm owned and managed by a family is an example of a
- A. joint stock exchange
- B. sole proprietorshipCorrect
- C. cooperative society
- D. partnership
Explanation
A business owned and managed by one family is classed as a sole proprietorship.
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