NECO Economics · Production, firms and markets

Business organizations: NECO Economics Past Questions and Answers

What the WAEC syllabus covers in Business organizations

Our summary: The main types of business enterprise, how they raise funds, their problems, and policies such as privatization.

  • Types and basic features of business enterprises – sole proprietorship; partnership, joint-stock companies (private and public), co-operatives; statutory corporation, joint ventures
  • Sources of funds
  • General and basic problems of business enterprises
  • Privatization and commercialization as solutions to problems of public enterprises
  • Indigenization and nationalization policies

Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)). NECO questions are matched to the WAEC syllabus topic.

NECO Economics questions on Business organizations

  1. NECO 2009A firm is said to be a public joint-stock company when it
  2. NECO 2009Which of the following is a form of business enterprise?
  3. NECO 2007Which of the following is a disadvantage of sole proprietorship?
  4. NECO 2007In a solo proprietorship, decisions are made by the
  5. NECO 2007A deliberate government policy to exclude foreign participation in certain economic activity is known as
  6. NECO 2005A business formation with a minimum of two and maximum of twenty persons is called
  7. NECO 2004The amount of money required for the day-to-day running of a business is known as
  8. NECO 2004A business organization set up for the mutual benefits of member with similar interest is known as
  9. NECO 2003The aim of indigenization policy was to
  10. NECO 2003Which of the following is a characteristic of private enterprises?
  11. NECO 2002The Nigerian indigenization decree process involves
  12. NECO 2002The following are type of business organization EXCEPT

Years with Business organizations questions in DeeepSolve's question bank

From the past questions DeeepSolve holds, not a count of everything the exam body has set.

  • 2009
  • 2007
  • 2005
  • 2004
  • 2003
  • 2002