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JAMB Commerce 2021 Objective — Question 10

Question 10 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.

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10. A group of companies is made up of a. Firms b. Industries c. Factory d. Partnership

  • A. FirmsCorrect
  • B. Industries
  • C. Factory
  • D. Partnership

Explanation

When tools are put together, they form a firm; when firms are put together, they form an industry, which is referred to as a group of companies.

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