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WAEC Economics 2012 Question 21

Question 21

Business Organisations

One reason why small scale businesses are very common in West Africa is that

  1. A.they can easily float shares.
  2. B.their management boards are easily formed.
  3. C.their initial capital is easy to raise.
  4. D.their dividend payments are very regular.
Show the answer and explanation

Answer: C (their initial capital is easy to raise.)

Explanation

Little capital is needed to start a small business, so many people can set one up.