Which of following rewards is associated with entrepreneurship as a factor of production?
Salaries
Profits
Interests
Rents
Correct answer is B
No explanation has been provided for this answer.
One of the major advantages of specialization is that
The worker becomes a tenderer of machines
It causes more employment of labour
Less machinery is required for production
The worker wastes less time between operations
Correct answer is D
No explanation has been provided for this answer.
In economic life, choice among alternatives depends on the
Income of the decision maker
Scarcity of resources
Scale of preference of the decision maker
Status of the decision maker
Correct answer is C
No explanation has been provided for this answer.
50 oranges
10 oranges
5 oranges
9.80
Correct answer is A
No explanation has been provided for this answer.
The primary goal of development planning in Nigeria is to
Increase profitability of enterprises
Achieve a rapid increase in the welfare and standard of living of Nigerians
Increase the level of gross domestic product
Make Nigeria a super-power
Correct answer is B
No explanation has been provided for this answer.