WAEC Economics 2021 Objective — Question 23

Question 23 of 50 from the West African Examinations Council (WAEC) Economics 2021 Objective paper, with the correct answer and a full explanation.

23. Separation of ownership of resources and their control is mostly found in

A. Sole proprietorship.
B. partnership.
C. joint stock company.Correct
D. consumer co-operative.

Explanation

In a joint stock (public limited) company, shareholders (owners) are typically separate from the managers/directors who control day-to-day operations.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2021 Objective More Economics past papers