BUSINESS STUDIES - CBT

Which of the following is owned by one person?

• sole propreitorship
• partnership
• public limited liability company
• private limited liability company

How many partners can form a partnership?

• 2 -10
• 2 -20
• 5 - 50
• 7 - 50

Who is a partner that invests money and partakes in the running of a partnership?

• active partner
• passive partner
• estoppel partner
• quasi partner

What is another name for an inactive partner?

• doorman partner
• dormant partner
• deed partner
• drowsy partner

Which of the following focuses on providing loans to members?

• consumers society
• loan society
• credit and thrift society
• credit and profit society

Which of the following can have an infinite number of owners or investors?

• sole proprietorship
• partnership
• private limited liability company
• public limited liability company

Which of the following is not aimed at making a profit?

• public limited company
• public corporation
• private corporation
• public unlimited liability company

What does PLC stand for?

• private limited company
• private liability company
• public limited company
• public limited commission

Which is the equivalent of Inc?

• PTC
• PLC
• Ltd
• PLD

Who is a person authorized to trade chemicals in Nigeria?

• licensed vendor
• licensed seller
• licensed chemist
• licensed trader