UNIPORT Economics 2010/2011 Model 2 Past Questions

The type of activity which turns processed raw materials into consumer and industrial goods is described as

Which of the following is the most important business resources

Rights issue means the

The breaking down of a market into separate and identifiable elements each with its own special product requirements is known as a market

When an industry is nationalized, the state becomes

The process of creating new market for a product is called

Sudden technology changes can have the effect of making

Services which are of absolute monopoly can best be provided by

The main difference between nationalization and indigenization is in terms of

An aspect of the law which allows an exclusive right for a limited number of years is a

Departmentalization is an aspect of

One of the obstacles to achieving the objectives of ECOWAS is

A floating policy is an example of

Which of the following industries is normally located near the source of its raw materials?

The process of dividing tasks into jobs and departments and of delegating authority is known as

The market structure, business conditions and financial systems in Nigeria constitute the

A major benefit derivable from the privatization and commercialization of public enterprise in Nigeria is

The most important function of commerce is

Communication enhances business activities by

One important requirement for the membership of the ECOWAS is

In Nigeria, the body that ensures that its members operate according to their professional ethics is the

A floating policy is an example of

The media used for inter-departmental communication include

One advantage of a crossed cheque is that it can