Private enterprises - Jamb Economics Past Questions and Answers

Question 61:

• JAMB 2021

A typical corporate form of business organization is owned by ____________

A. Shareholders
B. A local government
C. The president of a country
D. Foreigners and citizens of the country.

Question 62:

• JAMB 2021

In a sole proprietorship, the decisions are made by the ____________

A. Government
B. Management
C. Owner
D. Board of Directors