Waec Model Questions Vol1 2021 Commerce Question 30
Practice objective / multiple choice question 30 from the 2021 Waec Model Questions Vol1 Commerce examination.
An entrepreneur wishes to start a business with the following requirements: (i) initial capital of ₦5,000,000, (ii) limited personal liability, (iii) three partners will be involved, (iv) the ability to issue shares in the future to raise additional capital, and (v) profit sharing based on capital contribution. Considering the common forms of business organization in Nigeria—Sole Proprietorship, Partnership, Limited Liability Partnership (LLP), Private Limited Company (Ltd), and Public Limited Company (PLC)—identify the most suitable form and justify the choice.
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About This Question
This is Waec Model Questions Vol1 2021 Commerce Question 30. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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