Waec Model Questions Vol1 2022 Commerce Question 4

Practice objective / multiple choice question 4 from the 2022 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2022 Commerce Objective / Multiple Choice Medium Difficulty
Question 4 WAEC_MODEL_QUESTIONS_VOL1 • 2022 • COMMERCE • objective

A group of three entrepreneurs wants to start a business that will (i) limit their personal liability, (ii) allow them to raise capital of at least ₦10 million, and (iii) continue operating after the death of any one partner. The possible forms of business are: sole proprietorship, partnership, and private limited company. Which form best satisfies all three requirements?

Answer Options

Correct Answer A. Private limited company
B. Partnership
C. Limited partnership
D. Sole proprietorship
Correct Answer
A
Correct Option:
Private limited company

About This Question

This is Waec Model Questions Vol1 2022 Commerce Question 4. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Medium .

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