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Commerce 2010 WAEC Past Questions

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31

Sole proprietorship is a form of business owned by

  • A. an individual
  • B. two or more persons
  • C. a registered business subsidiary
  • D. the government
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32

Which of these qualities guarantees the keeping of money for a long period?

  • A. Acceptability
  • B. Divisibility
  • C. Durability
  • D. Homogenity
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33

Which of the following is not a source of fund for sole-proprietorship?

  • A. Personal savings
  • B. Borrowing from friends and relatives
  • C. Borrowing from financial institution
  • D. Government bonds
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34

Which of the following is not an advantage of partnership?

  • A. Diversified managerial talents
  • B. Greater financial resources
  • C. Freedom to terminate business
  • D. Account is not made public
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35

Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?

  • A. Debit transfer
  • B. Credit transfer
  • C. Certified cheque
  • D. Crossed cheque
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