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4661

The transfer of a government company to the public is

  • A. deregulation
  • B. localization
  • C. commercialization
  • D. privatization
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4662

One of the roles performed by middle managers is

  • A. review of master plans, programmes and budgets
  • B. review and appraisal of operational results
  • C. formulation of objectives and strategies
  • D. implementation of organizational plans and objectives
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4663

Which of the following is responsible for protecting consumers against poor quality goods?

  • A. Trade associations
  • B. Manufacturers association
  • C. Industrial tribunals
  • D. Standard organizations
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4664

The saying that the 'consumer is always right' describes the doctrine of

  • A. consumer sovereignty
  • B. caveat emptor
  • C. proximate cause
  • D. consumer protection
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4665

A disadvantage of privatization is that

  • A. there is inefficiency in the supply of goods
  • B. the existence of monopoly is high
  • C. the profit motive outweighs public interest
  • D. there is reduction in the quality of goods
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