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1841

The distinguishing function of an entrepreneur is_______

  • A. Planning.
  • B. Control.
  • C. Risk-bearing.
  • D. Management.
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1842

When a commodity market operates without government interference, commodities are distributed through_______

  • A. A government distribution agencies.
  • B. The operation of price mechanism.
  • C. A central planning committee
  • D. Retailers only.
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1843

One way of obtaining the median of a given data is to__________

  • A. Sum the value and divide by the number of items.
  • B. Arrange the data in ascending order and subtract each item from the mean.
  • C. Arrange the data in descending order and add each item to the least.
  • D. Arrange the data in either ascending or descending order and find what item divides the set in two equal parts.
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1844

An increase in the rice harvest, all things being equal, may cause____________

  • A. Price to increase substantially.
  • B. Price to fall substantially.
  • C. Demand to fall substantially.
  • D. Farmer's incomes to be more than doubled
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1845

The demand for wood and labour is an example of______

  • A. Effective demand.
  • B. Complementary demand
  • C. Derived demand
  • D. Competitive demand
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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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