WAEC Economics 2020 Objective — Question 23

Question 23 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.

Organization and entrepreneurship are vested in different persons in a

A. cooperative society
B. sole proprietorship
C. partnership
D. public companyCorrect

Explanation

In a public company, ownership (shareholders) is separated from management (professional managers/directors) who provide the organizational/entrepreneurial function.

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