WAEC Past Questions and Answers - Page 437

2,181.

The process of selling government business to the public is known as?

A.

naturalization

B.

nationalization

C.

privatization

D.

commercialization

E.

indigenization

Correct answer is C

No explanation has been provided for this answer.

2,182.

One of the main problems of nationalization is that?

A.

nationals ,may not welcome the change of ownership

B.

foreigners are not able to control the economy

C.

repatriation of profit is increased

D.

there may be capital flight

E.

there will be adverse balance of payment

Correct answer is D

No explanation has been provided for this answer.

2,183.

When an industry is nationalized, ownership belongs to the?

A.

shareholders

B.

government

C.

tax payers

D.

indigenes

E.

foreigners

Correct answer is B

No explanation has been provided for this answer.

2,184.

The rights, responsibilities and liabilities of each partner are specified in the?

A.

memorandum of association

B.

prospectus

C.

articles of association

D.

deed of partnership

E.

deed of conveyance

Correct answer is D

No explanation has been provided for this answer.

2,185.

In a limited partnership, the liability of most of the partners is?

A.

pegged

B.

unlimited

C.

limited

D.

unpredictable

E.

restricted

Correct answer is C

No explanation has been provided for this answer.