economics

The money paid per hour or week for work done is known as?

A. cost B. time rate C. bonus D. wage rate E. labour Correct Answer: Option D - wage rate

5 years ago

A person who buys in bulk and sells in bit is a?

A. manufacturer B. sales representative C. retailer D. advertiser E. distributor Correct Answer: Option C - retailer

5 years ago

The movement of a worker from one grade to another within the same industry is a form of mobility of labour which is?

A. geographical B. vertical C. occupational D. horizontal E. lateral Correct Answer: Option D - horizontal

5 years ago

Which of the following is the normal channel by which the commodities reach the final consumer?

A. Manufacturer → wholesale → agent → retailer → consumer B. Mnufacturer → wholesale → retailer → consumer C. Manufacturer…

5 years ago

One of the arguments against the presence of middlemen in the distribution chain is that they

A. cause an increase in the price of commodities B. are commissioned, agents C. helps in keeping price stable D.…

5 years ago

Which of the following categories of people do not gain during inflation?

A. Debtors B. businessmen C. Shareholders D. Investors E. Creditors Correct Answer: Option E - Creditors

5 years ago

Which of the following does not hinder the efficient of distribution of goods in West Africa?

A. inadequate transportation network B. inadequate storage facilities for agricultural goods C. inadequate credit facilities for potential distributors D. Government…

5 years ago

One of the advantages of Sole Proprietor is that?

A. risks are unlimited B. technological progress is often out of reach C. shares and stocks can be issued to…

5 years ago

The clearing house of all commercial banks in Nigeria is the?

A. General Post Office B. Bank for Commerce and Industry C. Nigerian Industrial Development Bank D. Mortgage Bank E. Central…

5 years ago

Which of the following factor is not important in deciding the location of an industry?

A. the native language of the people B. availability of suitable labour C. Source of cheap power and raw materials…

5 years ago