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WAEC Commerce 2011 Question 41

Question 41

Business Units

The "relationship which subsists between two or more persons carrying on a business with a view to profit" is

  1. A.cooperative society.
  2. B.partnership.
  3. C.public limited company.
  4. D.credit union.
Show the answer and explanation

Answer: B (partnership.)

Explanation

This is the legal definition of a partnership.