JAMB Commerce 2018 Objective — Question 29

Question 29 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2018 Objective paper, with the correct answer and a full explanation.

A form of ownership which exploits the strength of one partner to remedy the weakness of the other is a

A. partnership
B. cooperative corporation
C. joint ventureCorrect
D. -

Explanation

The main reason that usually leads to the formation of a partnership business is the inability of one or two persons to run the business successfully alone, so they combine complementary strengths — a joint venture arrangement.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2018 Objective More Commerce past papers