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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1896
Dividing total variable cost by quantity of output gives
  • A. Total cost (TC)
  • B. Total Fixed Cost (TFC)
  • C. Variable cost (VC)
  • D. Average Variable Cost (AVC)
View Answer & Discuss WAEC 2000
1897
Public enterprises are established mainly to
  • A. provide basic amenities for the people
  • B. make goods available in the market
  • C. make profit for the government
  • D. compete with foreigners in the industrial sector
View Answer & Discuss WAEC 2000
1898
One important feature of sole proprietorship is that
  • A. it is limited liability business
  • B. the business is owned by shareholders
  • C. one person bears all the risks
  • D. it is a legal entity
View Answer & Discuss WAEC 2000
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1899
The maximum amount of money a company is allowed to raise by issuing shares to the public is called
  • A. paid-up capital
  • B. fixed capital
  • C. working capital
  • D. authorized capital
View Answer & Discuss WAEC 2000
1900
The consumers co-operative society is owned by
  • A. a management committee
  • B. members of the society
  • C. debenture holders
  • D. the government
View Answer & Discuss WAEC 2000
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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