WAEC Commerce 2008 Question 22

Question 22

Business Units

Okoni & Co. law chamber is an example of a

  1. A.sole proprietorship
  2. B.partnership
  3. C.co-operative society
  4. D.public limited company.
Show the answer and explanation

Answer: B (partnership)

Explanation

Professional firms such as law chambers named '& Co.' are usually partnerships.