Capital as a factor of production can be used as?
Money that is regarded as assets
Goods that are useful in business
Input for further production
Services that provide satisfaction
Correct answer is C
No explanation has been provided for this answer.
Which of the following best described the scope of commerce
All forms of commercial exchanges relating to industry
Buying and selling and the construction industry
All occupational exchanges relating to industries and commercial activities
Buying and selling as well as the extraction of natural resources
Correct answer is C
No explanation has been provided for this answer.
The major responsibility of an entrepreneur is?
Employing all factors of production in the business
coordinating and determining the proportion of what to produce
planning and organizing all activities in the business
directing and controlling all the affairs of the business
Correct answer is A
No explanation has been provided for this answer.
Secondary production has to do with changing the?
shape of raw materials through construction operations
physical form of raw materials into finished goods
utility of raw materials by an engineering process
nature of raw materials through manufacturing processes
Correct answer is B
No explanation has been provided for this answer.
The most important factor that delayed the development of commerce in Nigeria was?
the inefficient means of communication
that there were few entrepreneurs
that there were few developed markets
secondary production has to do with changing the?
Correct answer is C
No explanation has been provided for this answer.