WAEC Economics 2012 Objective — Question 21
Question 21 of 49 from the West African Examinations Council (WAEC) Economics 2012 Objective paper, with the correct answer and a full explanation.
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One reason why small scale businesses are very common in West Africa is that
- A. they can easily float shares
- B. their management board are easily formed
- C. their initial capital is easy to sourceCorrect
- D. unavailability of natural resources
Explanation
Small scale business does not require huge capital outlay. Therefore they are easy to establish.
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