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WAEC Commerce 1993 Question 16

Question 16

Business Units

A business unit whose membership ranges from 2-50 is a

  1. A.public corporation
  2. B.partnership
  3. C.public company
  4. D.private company
  5. E.co-operative society
Show the answer and explanation

Answer: D (private company)

Explanation

Under the old company law a private company had from 2 to 50 members.