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WAEC Commerce 1997 Question 73

Question 73

Business Units

A business unit whose membership ranges from 2 to 20 is a

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

Answer: B (partnership)

Explanation

An ordinary partnership has 2 to 20 partners.