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Economics 2005 WAEC Past Questions

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21
The transfer of ownership of a public enterprise to individuals and firms is called
  • A. commercialization
  • B. nationalization
  • C. privatization
  • D. restructuring
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22
One-man business are popular in West Africa because of all the following except the
  • A. ease of entry
  • B. small capital required
  • C. limited enterpreneur skills needed
  • D. tendency to become joint-stock compsnies
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23
Wholesalers are often criticized because they
  • A. help to break the bulk
  • B. finance producers
  • C. increase prices
  • D. provide after-sales services
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24
In which of the following business units are the owners mostly customers?
  • A. co-operatives
  • B. limited liability companies
  • C. partnerships
  • D. public corporations
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25
information about new goods is passed on to buyers through
  • A. advertising
  • B. retail trade
  • C. the manufacturer
  • D. wholesale trade
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts