Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. OAU
  4. /
  5. Commerce
  6. /
  7. 2015/2016
  8. /
  9. Q23
Question 23

Unlimited liability in business implies that the

  • A.Risk of the owner is limited only to the amount invested
  • B.Debt are paid in subventions
  • C.Property of the owners should not be used to secure loans
  • D.owners private can be used to settle business debts
Objective

Question details

Exam body
OAU
Subject
Commerce
Year
2015/2016
Question no.
#23
Type
Objective
Previous · Q22A major disadvantage of the privatization policy is that Next · Q24 An announcement of a person's willingness to enter into a contract is referred…

More from this paper

  • Q16The use of coin - operated machines to sell goods is a form of
  • Q18Drawing two parallel lines across a cheque means that it has to be paid into the…
  • Q19Which combination of the below are basic requirements of business resource? I…
  • Q20The creation of utilities to satisfy human wants is referred to as
  • Q21In the permanent storage device, DASD means
  • Q25The selling of new shares to existing shareholders is referred to as
See all Commerce 2015/2016 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy