WAEC Economics 1999 Question 47

Question 47

Business Organisations

The most common form of business enterprise in West Africa is the

  1. A.Sole proprietorship
  2. B.Co-operative
  3. C.Partnership
  4. D.Joint stock company
Show the answer and explanation

Answer: A (Sole proprietorship)

Explanation

Sole proprietorships are easy to start with little capital, so they are the most common.