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WAEC Economics 2016 Objective — Question 23

Question 23 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.

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23. In a partnership, the conduct of members is guided by (a) a memorandum of understanding (b) the articles of partnership (c) an article of association (d) a partnership constitution

  • A. a memorandum of understanding
  • B. the articles of partnershipCorrect
  • C. an article of association
  • D. a partnership constitution

Explanation

The articles of partnership guide the operation of partners in partnership business.

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