A. the collapse of the Nigerian economy
B. reduction in foreign exchange
C. hıgh rate of indebtedness
D. mass retrenchment of labour
Correct Answer:
Option D – mass retrenchment of labour
Explanation
The sole aim of Privatization is profit-making. There is often a reduction of costs or spending and mass retrenchment of labour in response to economic difficulty.
Regulatory Framework of Accounting and Key Accounting Bodies
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