The following are type of business organization EXCEPT

1. Analyze the question The question asks which option is NOT a type of business organization. This is an "EXCEPT" question, so three options are real forms of business ownership and one is not.

2. Explain the concept Business organizations are classified by who owns them and how they are legally structured. The main types in Nigeria include:

• Sole proprietorship: owned and run by one person.
• Partnership: two or more people (in Nigeria, usually 2 to 20) who share ownership, profits and losses.
• Limited liability companies: private or public companies, owned by shareholders.
• Co-operative societies: owned by members who pool resources for mutual benefit.
• Public corporations: owned and controlled by the government, such as NNPC and the Nigerian Ports Authority.

3. Step-by-step solution

• A. Co-operative society: a real type of business organization.
• B. Partnership: a real type of business organization.
• C. Entrepreneurship: this is not a form of ownership. It is the process or skill of starting and managing a business and taking risks to make a profit. The person who does this is an entrepreneur, and entrepreneurship is also a concept connected to the factor of production called "enterprise".
• D. Public corporation: a real type of business organization, owned by the government.

4. Answer The odd one out is C. Entrepreneurship. It describes an activity or ability, not a type of business organization.

5. Exam tip Ask yourself: "Can I register or set this up as a legal business form?" You can form a partnership, a co-operative or a public corporation. You cannot "register" entrepreneurship, because it is a skill or process. In "EXCEPT" questions, look for the option that belongs to a different category, such as a concept, a person or a function, rather than a structure.