In Nigeria, the location of a steel industry at Ajaokuta is due to
The availability of transport network
The proximity to source of power
The proximity to large deposits of iron ore
Political consideration
Correct answer is C
Ajaokuta steel industry is located in Ogun state because that is where the source of its raw materials is located. The raw material in this case is the iron ore.
To enhance the competitiveness of domestic agricultural products, there is need to
Ban the importation of a agricultural products
Increase the exportation of agricultural products
Improve the quality of domestic agricultural products
Increase the output of domestic agricultural products
Correct answer is C
Improving the quality of domestic agricultural products is one of the ways in which the products can compete in both the local and international markets. Consumers will always choose products that can give them the highest value and satisfaction for their monies, hence there is a need to have high-quality products.
The marketing of agricultural products in Nigeria can be improved by
A massive production of farm produce
Re-establishing the marketing boards
Establishing more agricultural banks
Processing of farm produce
Correct answer is B
No explanation has been provided for this answer.
A public liability company is run on a daily basis by
The chief executive
The shareholders
The board of directors
Financial consultants
Correct answer is C
A public liability company is owned by two or more shareholders who own the shares of the company, and run by a board of directors appointed by the shareholders.
The major problem confronting a sole proprietor is
High level of risk
Limited expertise
Limited source of capital
High taxation
Correct answer is C
Availability of capital for expansion is one of the major issues faced by sole traders. These traders are left to either borrow capital from friends and family or from personal savings to fund their business, as financial institutions tend not to lend sole traders funds due to the unavailability of collateral materials and inability to repay loans.