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OtisamLMS
Business Management

Business Management · Quick practice · answer shown after each question

Forms of business organisation

Question 1 of 10

Question 1 of 10

An arrangement in which a business pays to use another firm's brand and methods is

Question 2 of 10

Question 2 of 10

A franchise allows a business to

Question 3 of 10

Question 3 of 10

A cooperative society is run on the principle of

Question 4 of 10

Question 4 of 10

Which is an advantage of a sole proprietorship?

Question 5 of 10

Question 5 of 10

The divorce of ownership from control occurs mainly in

Question 6 of 10

Question 6 of 10

A business owned and controlled by one person is a

Question 7 of 10

Question 7 of 10

A business owned by the state is a

Question 8 of 10

Question 8 of 10

A public limited company raises capital by

Question 9 of 10

Question 9 of 10

The document that sets out the internal rules of a company is the

Question 10 of 10

Question 10 of 10

A business that sells its shares to the general public on the stock exchange is a

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.