Question on: JAMB Economics - 2024
The following are type of business organization EXCEPT
co-operative society
partnership
Entrepreneurship
public corporation
The question asks for the type of business organization that is NOT a type of business organization.
Co-operative society: A type of business organization where people come together to achieve a common goal, usually economic.
Partnership: A business organization involving two or more people who agree to share in the profits or losses of a business.
Entrepreneurship: This is the process of starting and running a business, and not a specific type of business organization itself. It can lead to the formation of any of the other types of business organizations.
Public corporation: A business organization owned by the government.
Therefore, entrepreneurship is not a business organization itself.
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