Post Utme Economics Past Questions and Answers

Question 281:

Countries impose custom duties to protect ____________

A. Multinational companies
B. Public corporations
C. Indigenous enterprises
D. Military installations

Question 282:

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

A. Extractive
B. Manufacturing
C. Constructive
D. Processing

Question 283:

Which of the following is the most important business resources?

A. Money
B. Management
C. Materials
D. Manpower

Question 284:

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

A. Differentiation
B. Segmentation
C. Penetration
D. Identification

Question 285:

When an industry is nationalized, the state becomes ____________

A. The majority shareholder
B. The only shareholder
C. The only shareholder
D. An equal shareholder with other individuals