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GCE Commerce 1990 Question 8

Question 8

Business Units

The oldest and commonest form of business in Nigeria is

  1. A.partnership
  2. B.the co-operative society
  3. C.sole proprietorship
  4. D.joint stock venture
  5. E.public corporation
Show the answer and explanation

Answer: C (sole proprietorship)

Explanation

The one-man business (sole proprietorship) is the oldest and most common business unit.