WAEC Economics 2015 Objective — Question 21
Question 21 of 50 from the West African Examinations Council (WAEC) Economics 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following business organizations is likely to experience disagreements between management and shareholders?
- A. Co-operative society
- B. Sole trader
- C. Partnership
- D. Joint-stock companyCorrect
Explanation
In a joint-stock company, ownership (shareholders) is separated from management (directors), which can lead to disagreements between the two groups.
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