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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
2491

One major factor that determines the location of an industry is

  • A. tax exemption grant
  • B. its proximity to the market
  • C. the capital base
  • D. the social responsibility of the firm
View Answer & Discuss (1) JAMB 2014
2492

The major contribution of OPEC to the Nigerian economy is the

  • A. provision of social infrastructures
  • B. granting of subsidies on petroleum products
  • C. stabilization of oil prices
  • D. building of refineries
View Answer & Discuss JAMB 2014
2493

The loading of crude oil at the terminal is an activity in the

  • A. downstream sector of the oil industry
  • B. upstream and downstream sector of the oil industry
  • C. upstream sector of the oil industry
  • D. midstream and upstream sectors of the oil industry
View Answer & Discuss (8) JAMB 2014
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2494
The short-run average variable cost of a firm will rise owing to
  • A. the expansion of factory space
  • B. the building of new warehouse
  • C. an increase in the cost of labour
  • D. an increase in the salaries of directors
View Answer & Discuss JAMB 2014
2495

Firms embark on vertical integration in other to

  • A. take over markets formally controlled by other firms
  • B. prevent other firms from entering the market
  • C. reduce advertisement and management cost
  • D. enjoy economies of large-scale production
View Answer & Discuss JAMB 2014
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts