Merits And Demerits Of Business Units - Commerce Jamb Past Questions and Answers

Question 6 :

• JAMB 2005

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 :

• JAMB 2007

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 :

• JAMB 2007

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 :

• JAMB 2019

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