2Term eco1
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1 / 30
Public limited liability company is formed by a minimum of _____ persons
2 / 30
_______ is also known as one-man business
3 / 30
Agricultural co-operative society is an example of ____ co-operative society
4 / 30
Ivory coast specializes in the production and export of cocoa, this is known as specialization by _____
5 / 30
In sole proprietorship, all the profit goes to _____
6 / 30
The following are factors that affect the size of a firm except
7 / 30
A firm has an average product of 500 tonnes when 5 units of labour are applied, calculate the total product
8 / 30
A partnership is formed by a minimum of _______
9 / 30
Public enterprises are owned by ______
10 / 30
The additional product as a result of the application of additional unit of factors of production is termed ______
11 / 30
An industry is made up of :
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The reward for capital is ______
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The factor of production that bears the risk in a business is called ____
14 / 30
In ______ co-operative society, members are encouraged to save money together so as to lend money to any member in need
15 / 30
The maximum number of persons in a partnership business is ______
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A ______ partner contributes only his/her name in the formation of a partnership business
17 / 30
One of the following is not a public enterprise
18 / 30
One of these is not a scale of production
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One of the following is not a disadvantage of division of labour
20 / 30
A group of firms producing similar commodities is known as ______
21 / 30
The aim of setting up a co-operative society is to ______
22 / 30
One of these us is not a social capital
23 / 30
The main objectives of a firm is usually to:
24 / 30
A cooperative society is owned by _____
25 / 30
A private limited liability company limits the size of its members to _____ persons
26 / 30
The benefits enjoyed by a firm as result of it being around other firms is known as ____
27 / 30
Capital is a/an ______ factor of production
28 / 30
As a firm increases it's output, it will enjoy some benefits known as ______ of scale
29 / 30
Over production and resource wastage is a disadvantage of ______ production.
30 / 30
Sole proprietorship is an example of ____
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The average score is 54%
