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JAMB Economics 2007 Question 40

Question 40

Business Organisations

The survival of a partnership depends on

  1. A.the managerial ability of the partners
  2. B.access to finance
  3. C.the goodwill of the partners
  4. D.political stability
Show the answer and explanation

Answer: A (the managerial ability of the partners)

Explanation

A partnership is run by the partners themselves, so its success depends on how well they manage it.