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WAEC Commerce questions: Forms of business organisation

19 questions with answers and explanations. Tap an option to check yourself.

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All topicsAdvertising and marketing · 16Business management and environment · 15Commerce and its scope · 16Communication · 17Computers and ICT in business · 15Consumer protection · 16Documents used in trade · 18Elements of commercial law · 16Financing a business · 16Foreign trade · 19Forms of business organisation · 19Home trade: retail and wholesale · 19Insurance · 18Money and banking · 19Occupation and production · 17The stock exchange · 17Transport · 16Warehousing · 15

  1. Question 1· Forms of business organisation· WAEC

    A partner who contributes capital but takes no part in management is a

    Explanation and discussion

  2. Question 2· Forms of business organisation· WAEC

    Profits of a consumers' cooperative society are shared according to

    Explanation and discussion

  3. Question 3· Forms of business organisation· WAEC

    A cooperative society formed by farmers to sell their produce together is a

    Explanation and discussion

  4. Question 4· Forms of business organisation· WAEC

    A franchise allows a business to

    Explanation and discussion

  5. Question 5· Forms of business organisation· WAEC

    A consumer cooperative society aims to

    Explanation and discussion

  6. Question 6· Forms of business organisation· WAEC

    A sole proprietor's liability for business debts is

    Explanation and discussion

  7. Question 7· Forms of business organisation· WAEC

    Under CAMA 2020, a private company may have at most

    Explanation and discussion

  8. Question 8· Forms of business organisation· WAEC

    Public corporations in Nigeria are owned by

    Explanation and discussion

  9. Question 9· Forms of business organisation· WAEC

    A public company invites the public to buy its shares through a

    Explanation and discussion

  10. Question 10· Forms of business organisation· WAEC

    Chidi runs a small provision shop alone, takes every decision and keeps all the profit. His business is a

    Explanation and discussion

  11. Question 11· Forms of business organisation· WAEC

    Shareholders of a limited company have

    Explanation and discussion

  12. Question 12· Forms of business organisation· WAEC

    A partner who lends his name to a firm but contributes no capital is a

    Explanation and discussion

  13. Question 13· Forms of business organisation· WAEC

    The document that governs the internal affairs of a company is the

    Explanation and discussion

  14. Question 14· Forms of business organisation· WAEC

    The maximum number of members in an ordinary partnership is usually

    Explanation and discussion

  15. Question 15· Forms of business organisation· WAEC

    The document setting out the rules for the internal running of a company is the

    Explanation and discussion

  16. Question 16· Forms of business organisation· WAEC

    The document that governs the internal management of a company is the

    Explanation and discussion

  17. Question 17· Forms of business organisation· WAEC

    A public company issues a prospectus to

    Explanation and discussion

  18. Question 18· Forms of business organisation· WAEC

    A sleeping partner

    Explanation and discussion

  19. Question 19· Forms of business organisation· WAEC

    The main aim of a public corporation is to

    Explanation and discussion

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