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2401
Which of the following is not a disadvantage of a one-man business?
  • A. Unlimited liability owner
  • B. Life of business limited to life of owner
  • C. Personal control of business
  • D. Difficulty in raising additional capital
View Answer & Discuss WAEC 2010
2402

Unlimited liability in business implies that the

  • A. risk of the owner is limited only to the amount invested
  • B. debts are paid with subventions
  • C. property of the owners should not be used to secure loans
  • D. owners private property can be used to settle the business debts
View Answer & Discuss WAEC 2010
2403

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
View Answer & Discuss WAEC 2010
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2404

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

  • A. Acceptability
  • B. Divisibility
  • C. Durability
  • D. Homogenity
View Answer & Discuss WAEC 2010
2405

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
View Answer & Discuss WAEC 2010
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