Paper 1 · business types
Which of the following is a type of business found in the private sector?
AGovernment department
BLocal authority
CPartnership
DState-owned parastatal
Explanation: The private sector consists of businesses owned and controlled by private individuals, such as sole proprietorships, partnerships, private limited companies, public limited companies and cooperatives. Government departments, local authorities and state-owned parastatals belong to the public sector, which is owned and controlled by the state.
Derived from ZIMSEC Business_studies Paper 1, November 2018, Q1
