WAEC Commerce 2013 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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A term which describes the value of business connections made by a company over the years is known as a
- A. patent right
- B. copyright
- C. goodwillCorrect
- D. trade mark
Explanation
Goodwill is the established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.
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