ICAG Paper 1.2 BMIS Practice Questions - ICAG Level 1 Business Management & Information Systems (Paper 1.2) Exam

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A friend wants to invest capital but not manage day-to-day operations. Which entity type best fits that preference among common Ghanaian forms?

A sole proprietorship he must run himself A limited liability company (shareholders invest; directors/managers run operations) An informal rotating savings group with no equity stake A personal employment contract with no ownership rights

Correct Answer:

A limited liability company (shareholders invest; directors/managers run operations)

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