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Jamb Commerce Past QuestionsJamb Past Questions and Answers on Merits and demerits of business unitsQuestion 6:One of the disadvantages of a sole proprietorship is? A. Secrecy of annual reports B. Pride of ownership C. Limited liability D. Unlimited liability Question 7:A major advantage of a cooperative society is that it? A. Gives members the opportunity to unite B. Draws members closer to government C. Promotes awareness among members D. Encourages thirft among members Question 8:A major criticism of a cooperative society is? A. Limited capital B. Granting exceessive loans to members C. Selling goods on credit to non-members D. Management incompetence Question 9:One of the disadvantages of Sole Proprietorship is__________ A. It requires small operations B. It involves small capital C. It lacks specialization D. Grants from government |
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