Question 6
(a). What is an enterprise?
(b). State the major types of groups in the business organization.
(c). State features each of the major types of groups stated in 6(b).
Observation
This was not a popular question among the candidates. Therefore, the candidates were
unable to answer the questions and they performed woefully. The expected answers are
enterprise is a business organization or venture set up to provide goods or service and
make profit, Types of groups in the business organization are private and public and
features of private and public are individuals owns the company, government or public
ownership belongs to it.