Commerce Questions and Answers

Use the above information below to answer question 130 and 131.

Mr obi is a manager of obi Agricultural Venture.

he makes all the decisions and takes all profits

from the business. H e had agreed with Alhaji Musa


It can be deduce from the above that obi AgricultrualVenture is a

(a farmer) to pool their resources together and

expand their business.They invited Mr Abayomi

(a cotton grower) to join them. Mr Abayami agreed on the condition that his liability in the new firm will be limited to his investment in it. The thus registered Obi, Musa and Abayaomi''s Agricultural ventures.

One advantage the co-operative society has over the company is that the

Service which are of absolute monopoly can can best be proved by

The primary objective of a business organization is to

Extractive industries may also be denominated as