The transfer of ownership of a public enterprise to individuals and firms is called

A. commercialization

B. nationalization

C. privatization

D. restructuring

One-man business are popular in West Africa because of all the following except the

A. ease of entry

B. small capital required

C. limited enterpreneur skills needed

D. tendency to become joint-stock compsnies

Wholesalers are often criticized because they

A. help to break the bulk

B. finance producers

C. increase prices

D. provide after-sales services

In which of the following business units are the owners mostly customers?

A. co-operatives

B. limited liability companies

C. partnerships

D. public corporations

Information about new goods is passed on to buyers through

A. advertising

B. retail trade

C. the manufacturer

D. wholesale trade

The profit of the producers can be calculated as the

A. total cost less total revenue

B. average revenue less average cost

C. total revenue less total cost

D. marginal revenue less marginal cost

The direct exchange of one goods for another without the use of money is known as

A. foreign exchange

B. exchange rate

C. expenditure rate

D. barter

Acceptability, durability, homogeneity and portability are all attributes of good

A. markets

B. money

C. banks

D. government

The term demand for money means

A. desire to borrow money from people

B. desire of an individual to invest all his money in projects

C. willingness of people to hold money

D. wilingness of people to keep all their resources in assets

A persistent and appreciable rise in the general level of price is known as

A. depreciation

B. inflation

C. deflation

D. production