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Economics Past Questions and Answers

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Economics Questions

Question 1056:

The ordinary partner in a partnership?

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A Takes no active in the management of the business
B Has limited liability in case of business failure
C Has unlimited liability in case of business failure
D Cannot be sued personally on matters relating to the business

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Question 1057:

A possible factor which limits the extent of growth of a firm is the?

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A Existence of a monoploy
B Bureaucratic delays in decision-making
C Use of by-products
D Unwillingness to share ownership and control

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Question 1058:

One of the most outstanding disadvantages of co-operative societies as business organization is that?

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A True spirit of co-operation is marred by delegated authority
B Members show much interest
C It is poorly financed
D Membership interest is centred on sharing of essential commodities

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Question 1059:

A disadvantage of a joint-stock company is?

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A Unlimited liability
B Limited liability
C Continuity
D Loss of controlling interest

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Question 1060:

A disadvantage of a joint-stock company is?

SchoolNGR Classroom

A Unlimited liability
B Limited liability
C Continuity
D Loss of controlling interest

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