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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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2241
The practice whereby a business is owned by two or more independent firms is termed
  • A. indigenization
  • B. joint venture
  • C. commercialization
  • D. foreign investment
View Answer & Discuss WAEC 2007
2242
The main objective of privatizing a government business is to
  • A. create additional employment
  • B. increase expenditure
  • C. source for new funds
  • D. increase the level of efficiency
View Answer & Discuss WAEC 2007
2243
the return of investment that is just sufficient to satisfy the owner of a business is called?
  • A. economic profit
  • B. business profit
  • C. normal profit
  • D. excess profit
View Answer & Discuss WAEC 2007
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2244
which of the following is a middleman in the chain of distribution?
  • A. An entrepreneur
  • B. a producer
  • C. a banker
  • D. a retailer
View Answer & Discuss (5) WAEC 2007
2245
A negative effect of the presence of a large number of middlemen in the distributive network is
  • A. greater variety of goods
  • B. greater quality of goods
  • C. lower price of goods
  • D. higher price of goods
View Answer & Discuss WAEC 2007
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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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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now