WAEC Commerce 2020 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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The transfer of ownership of a business from government to the public is
- A. commercialization
- B. deregulation
- C. privatizationCorrect
- D. merger
Explanation
When the government sells its interest in a public corporation to the public (private individual), then privatisation has taken place.
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