WAEC Economics 2018 Objective — Question 22

Question 22 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.

Public limited liability companies are democratic in nature because

A. government appointees are members of the board
B. they are run by elected public officers
C. electoral principles are adopted in the day-to-day management
D. shareholders elect the board of directorsCorrect

Explanation

Public limited companies are democratic because shareholders vote to elect the board of directors, typically based on the number of shares each holder owns.

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