Question 4176:

• WAEC 2021

The distinguishing function of an entrepreneur is _____________

A. Planning.
B. Control.
C. Risk-bearing.
D. Management.

Question 4177:

• WAEC 2021

When a commodity market operates without government interference, commodities are distributed through _____________

A. A government distribution agencies.
B. The operation of price mechanism.
C. A central planning committee
D. Retailers only.

Question 4178:

• WAEC 2021

One way of obtaining the median of a given data is to ________________

A. Sum the value and divide by the number of items.
B. Arrange the data in ascending order and subtract each item from the mean.
C. Arrange the data in descending order and add each item to the least.
D. Arrange the data in either ascending or descending order and find what item divides the set in two equal parts.

Question 4179:

• WAEC 2021

An increase in the rice harvest, all things being equal, may cause ____________ ____________

A. Price to increase substantially.
B. Price to fall substantially.
C. Demand to fall substantially.
D. Farmer's incomes to be more than doubled

Question 4180:

• WAEC 2021

The demand for wood and labour is an example of ____________

A. Effective demand.
B. Complementary demand
C. Derived demand
D. Competitive demand