When a country has a large labour forvce , it is beneficial to use a method of production which is
Capital intensive
Land intensive
Labour intensive
Mechanically intensive
Technically intensive
Correct answer is C
No explanation has been provided for this answer.
When a business has an unlimited liability
The owner are not responsible for all its financial debts
All its profits can be taxed by the government
The owners are responsible for all its financial debts
All its assets belongs to the members of its board of directors
It ceases to exist at the death of one of its owner
Correct answer is C
No explanation has been provided for this answer.
One of the greatest demerits of the middlemen in Nigeria is that they
Increase the price of goods and services at will
Sell in small units only
Store goods in warehouse that are not spacious enough
Sell on credit to retailers only
Do not advertise their goods
Correct answer is A
No explanation has been provided for this answer.
Which of the following are not agents of distribution
Wholesalers
Retailers
Consumers
Government agencies
Cooperative societies
Correct answer is C
No explanation has been provided for this answer.
Which of the following statements is not true of cheques? They
Provide an alternative to carrying large sums of money around
Can be written out for any amount needed
Are legal tender
Provides a form of receipt
Provide a record of payment made
Correct answer is C
No explanation has been provided for this answer.