WAEC Commerce Past Questions & Answers - Page 99

493.

Partnership form of business is most appropriate

A.

where professionals are needed

B.

for non-profit making ventures

C.

where very large capital is required

D.

where the liability of members is limited

Correct answer is C

No explanation has been provided for this answer.

494.

Which of the following would not affect the form of a business unit

A.

Availability of raw materials

B.

the type of business

C.

number of persons involved

D.

the capital size

Correct answer is B

No explanation has been provided for this answer.

495.

The fee which the bank charges for services rendered to their current account customers is

A.

commission on turnover

B.

bank rate

C.

minimum lending rate

D.

interest

Correct answer is C

No explanation has been provided for this answer.