Organization and entrepreneurship are vested in diferrent persons in a

Step 1: Analyze the question The question asks where organization (managing and coordinating the factors of production) and entrepreneurship (risk-taking, owning the business, and bearing the uncertainty) are carried out by different people.

Step 2: Explain the concept In economics, the entrepreneur is the person who takes the risk and supplies the capital. The organizer (manager) coordinates land, labour and capital in the daily running of the business.

• In a sole proprietorship, one person owns, risks and manages, so both roles are combined.
• In a partnership, the partners usually own and manage the business themselves, so both roles are combined.
• In a cooperative society, members own the business and usually elect from among themselves those who manage it, so the roles largely overlap.
• In a public company, the shareholders bear the risk and own the business (entrepreneurship). The day-to-day running is handled by the board of directors and hired professional managers (organization). This is the separation of ownership and control.

Step 3: Solution Comparing the options, only the public company clearly has the risk-bearers (shareholders) and the organizers (directors and managers) as different groups of people.

Step 4: Answer The correct option is D. public company.

Tip: Remember "ownership ≠ control" for public companies. Whenever a question mentions shareholders and a board of directors or hired managers, think of separate entrepreneurship and organization. For sole proprietorships, think "one-man business, one person does everything."