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Merits and demerits of business units - Jamb Commerce Past Questions and Answers

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Jamb Commerce Past Questions

Jamb Past Questions and Answers on Merits and demerits of business units

Question 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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