Question 1 of 10 50 total questions
The agency in Nigeria which ensures that products conform to government quality specifications is the?
A Standards Organization of Nigeria
B Nigerian Consumers’ Association
C Manufacturers’ Association of Nigeria
D Nigerian Chamber of commerce
A core investor in the current phase of privatization in Nigeria is one who?
A can afford to buy most of the shares of the enterprises
B will be at the core of the enterprises
C can mobilize foreign currency equivalent to the value of the enterprises
D has the technical know-how of the enterprises
Which of the following countries are members of the lake Chad Basin Commission?
A Niger and Cameroun
B Benin and Nigeria
C Chad and Benin
D Nigeria and Mali
Okeze contracted to sell TV sets to Ojo. Unknown to them, the sets were stolen in transit. This contract may be terminated on the ground of
A bankruptcy
B frustration
C fraudulence
D breach of contract
The agency that currently oversees the privatization and
A Securities and Exchange Commission
B Technical Committee on privatization and commercialization
C Nigeria Stock Exchange
D Bureau of Republic Enterprises
Capital as a factor of production can be used as?
A Money that is regarded as assets
B Goods that are useful in business
C Input for further production
D Services that provide satisfaction
Which of the following best described the scope of commerce
A All forms of commercial exchanges relating to industry
B Buying and selling and the construction industry
C All occupational exchanges relating to industries and commercial activities
D Buying and selling as well as the extraction of natural resources
The major responsibility of an entrepreneur is?
A Employing all factors of production in the business
B coordinating and determining the proportion of what to produce
C planning and organizing all activities in the business
D directing and controlling all the affairs of the business
Secondary production has to do with changing the?
A shape of raw materials through construction operations
B physical form of raw materials into finished goods
C utility of raw materials by an engineering process
D nature of raw materials through manufacturing processes
The most important factor that delayed the development of commerce in Nigeria was?
A A.the inefficient means of communication
B that there were few entrepreneurs
C that there were few developed markets
D secondary production has to do with changing the?
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