Production is defined as
- A. an industrial undertaking
- B. creation of utility
- C. earning one's daily bread
- D. the changing of raw materials
Which of the following coordinates other factors of production to achieve set objectives?
- A. Land
- B. Labour
- C. Enterpreneur
- D. Capital
Which of the following coordinates other factors of production to achieve set objectives?
- A. Land
- B. Labour
- C. Enterpreneur
- D. Capital
Farming is an activity that falls under?
- A. tertiary occupation
- B. commercial occupation
- C. extractive occupation
- D. secondary occupation
Which of the following is an advantage of indigenization ?
- A. Checks exploitation by citizens
- B. Business risks are shared
- C. Fosters self-reliance
- D. Leads to monopoly of power
The form of trade practiced by the early men was characterized by
- A. exchange of goods for money
- B. efficient distribution system
- C. exchange of goods for goods
- D. organized warehousing
The form of trade practiced by the early men was characterized by
- A. exchange of goods for money
- B. efficient distribution system
- C. exchange of goods for goods
- D. organized warehousing
The West African Clearing House(WACH)was established to
- A. dredge the rivers in West Africa for easy navigation
- B. expand the volume of traffic within member countries
- C. cordinate the efforts to member states to tap their natural resources
- D. promote the use of currencies of all members for inter regional trade
The West African Clearing House(WACH)was established to
- A. dredge the rivers in West Africa for easy navigation
- B. expand the volume of traffic within member countries
- C. cordinate the efforts to member states to tap their natural resources
- D. promote the use of currencies of all members for inter regional trade
Which of the following interest holders are settled first in case of a company’s liquidation
- A. board of directors
- B. debenture holders
- C. ordinary shareholders
- D. preference shareholders
Which of the following interest holders are settled first in case of a company’s liquidation
- A. board of directors
- B. debenture holders
- C. ordinary shareholders
- D. preference shareholders
Which of the following sources of capital to a business requires mortgaging specific asset
- A. overdraft
- B. ordinary shares
- C. fixed debenture
- D. trade credit
If a country wishes to discourage imports, it
- A. removes quotas
- B. encourages free trade
- C. imposes tariffs
- D. subsidizes exports
The choice of medium used in advertising is not determined by the
- A. cost of using a particular medium
- B. age group to which the medium appeals
- C. nationality of people using the medium
- D. number of people reached by the medium
The choice of medium used in advertising is not determined by the
- A. cost of using a particular medium
- B. age group to which the medium appeals
- C. nationality of people using the medium
- D. number of people reached by the medium
The Money Market is the
- A. market for long term loans
- B. market for short-term loans
- C. market for government securities
- D. banking hall of commercial banks
The Money Market is the
- A. market for long term loans
- B. market for short-term loans
- C. market for government securities
- D. banking hall of commercial banks
Which of the following is the main task of the Marketing Manager whose company has adopted the marketing concept? To
- A. identify and satisfy customer's needs
- B. maintain the company's share of the market
- C. recruit more salesmen
- D. make maximum profit
The amount of insurance premium to be paid depends on the
- A. supply and demand of a particular company's service
- B. extent of the possible loss and the frequency of the risk
- C. number of insurance companies in a place
- D. amount of profit to be made by the insurer
One of the objectives of ECOWAS is to
- A. promote indigenization policy
- B. ensure that quality goods are produced
- C. promote trade within the region
- D. discourage foreign investors
Which of the following is an objective of indigenization policy? To
- A. prevent all foreign interference in business
- B. encourage local participation in business
- C. prevent smuggling
- D. encourage more production