WAEC Economics 2024 Objective — Question 23
Question 23 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.
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23. Separation of ownership from control is more pronounced in a
- A. partnership.
- B. joint-stock company.Correct
- C. sole-proprietorship.
- D. consumer co-operative society.
Explanation
In a joint-stock company, ownership is spread among many shareholders, so experts are hired to manage the business to avoid conflicting interests.
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