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When two or more companies agree to execute a project too large for one to...

Commerce
JAMB 2021

When two or more companies agree to execute a project too large for one to handle, this is referred to as

  • A. an amalgamation
  • B. a cartel
  • C. a consortium
  • D. a merger
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Correct Answer: Option C
Explanation

A consortium is a group made up of two or more individuals, companies, or governments that work together to achieve a common objective. These groups of companies or individuals usually come together to carry out a project that can ordinarily not be done by just one company/individual


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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995