One of the argument against the presence of middlemen in the distribution chain is that they
Cause increase in the price of commodities
Are commissioned agents
Helps in keeping price stable
Grade and blend goods
Can be found almost everywhere
Correct answer is A
No explanation has been provided for this answer.
Which of the following categories of people do not gain during inflation?
Debtors
Businessmen
Shareholders
Investors
Creditors
Correct answer is E
No explanation has been provided for this answer.
Which of the following does not hinder the efficient distribution of goods in West Africa?
Inadequate transportation network
Inadequate storage facilities for agricultural goods
Inadequate credit facitlities for potential distributors
Government participation in the distributive trade
The tendency to hoard and smuggle
Correct answer is D
No explanation has been provided for this answer.
One of the advantages of Sole Proprietorship is that
Risks are unlimited
Technological progress is often out of reach
Shares and stocks can be issued to raise funds
Initiatives can be used in all cases
It folds up in the case of death, lunacy or insolvency
Correct answer is D
No explanation has been provided for this answer.
The clearing house of all commercial banks in Nigeria is the
General Post Office
Bank for Commerce and Industry
Nigerian Industrial Development Bank
Mortgage Bank
Central Bank
Correct answer is E
No explanation has been provided for this answer.