A feature common to privatization and commercialization is?
A. profit-making B. credit sales C. market expansion D. price increases Correct Answer: Option A – profit-making
The safety and quality of products are the social responsibility of?
A. the Standards Organization of Nigeria B. the Manufacturers’ Association of Nigeria C. the Corporate Affairs Commission D. business organizations Correct Answer: Option A – the Standards Organization of Nigeria
A liquidator’s fee is to be charged to the?
A. realization account B. trading account C. revaluation account D. reconstruction account Correct Answer: Option A – realization account
Materials used for further production of goods and services are known as?
A. export goods B. intermediate goods C. capital goods D. consumer goods Correct Answer: Option C – capital goods
The difference between a private and public limited liability company is that the former?
A. is unable to offer shares to the public B. is unable to declare and pay dividend C. has a higher number of shareholders D. pays higher salaries to its managers Correct Answer: Option A – is unable to offer shares to the...Products
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