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.
The 1962-1968 development plan in nigerian failed because of
Absence of indigenous bank
Higher exchange rate
Non availability of finance house
Movement of colonial masters
Over dependency on foreign capital
Correct answer is E
No explanation has been provided for this answer.
Marginal cost
Average cost
Total cost
Equilibrium level
Correct answer is B
No explanation has been provided for this answer.
In production, total cost comprises of
Averages cost and marginal cost
Variable cost and averages cost
Variable cost and fixed cost
Marginal cost and variable cost
Fixed cost and averages cost
Correct answer is C
No explanation has been provided for this answer.