Complimentary goods
Composite goods
Derived good
Independent goods
Substitute good
Correct answer is A
No explanation has been provided for this answer.
Which of the folowing NOT among the objectives of OPEC?
To stabilize the revenue from oil to producing countries
To stabilize the price of iol in the world market
To make sure that oil flows to all the consuming countries
To estabilished petroleum refineries in all member state
To co-ordinate and harmonize the oil policies of member countries
Correct answer is B
No explanation has been provided for this answer.
In calculating mean one should
Add the highest and the lowest number
Divide the highest and the lowest number
Divide the sum of the figure by the number of the figure
Find the most common number
Pick any number that has no partner
Correct answer is C
No explanation has been provided for this answer.
The aim of indigenization policy was to
Build more industries in the economy
Increase the drain in foreign exchange
Increase foreign domination of the economy
Increase the participation of Nigerians in commerce and industry
Send all the foreigners away from Nigeria
Correct answer is D
Indigenization is the transfer of ownership and control of business enterprises from foreigners to indigenes. It is aimed at increasing the participation of indigenes in commercial activities while reducing the presence of foreign players.
The following are type of business organization EXCEPT
Co-operative society
Entrepreneurship
Partnership
Public corporation
Sole proprietorship
Correct answer is B
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.