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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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3941

A partner whose name is used to boost the image of the business and does not contribute capital is a?

  • A. dormant partner
  • B. general partner
  • C. limited partner
  • D. nominal partner
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3942

One advantage of sole proprietorship is that?

  • A. access to large capital is easy
  • B. decisions are made promptly
  • C. business risks are spread
  • D. continuity of business is assured
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3943

A business unit in which savings of members are lent to others is a?

  • A. consumer cooperative society
  • B. producer cooperative society
  • C. credit and thrift society
  • D. wholesale cooperative society
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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3944

The document issued to a public company allowing it to commence business is the?

  • A. Article of association
  • B. certificate of incorporation
  • C. memorandum of association
  • D. certificate of trading
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3945

Which of the following is not a function of a consumer association?

  • A. ensuring that consumers buy quality goods
  • B. educating consumers on their rights
  • C. penalizing importers of fake goods
  • D. ensuring that fair prices are charged
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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WAEC offline past questions - with all answers and explanations in one app - Download for free