The following are type of business organization EXCEPT
Answer Details
In the context of business organizations, the term that stands out as not fitting among the others is **Entrepreneurship**.
To understand why, let's briefly define each term:
Co-operative Society: This is a type of business organization owned and operated by a group of individuals for their mutual benefit. Co-operatives are often established in sectors like agriculture or retail, where members pool resources to achieve common goals, such as better marketing of their products.
Partnership: This refers to a business organization where two or more individuals manage and operate a business together, sharing profits, liabilities, and responsibilities. Partnerships are common in professional practices like law firms or medical practices.
Public Corporation: A public corporation is a business entity that has been incorporated through a legal process and issues shares to the public through a stock exchange. Shareholders own the corporation, and it is usually distinguished by being large and having significant public presence, such as multinational companies.
Entrepreneurship: While entrepreneurship involves starting and operating a business, it is not a formal type of business organization like the others. Instead, it refers to the process and activities undertaken by an entrepreneur to establish a new enterprise or bring a new idea to market.
Thus, the odd one out is Entrepreneurship, because it describes the activity of establishing and managing a business rather than being a structured form of business organization like the others mentioned.