WAEC Commerce 2015 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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When a government acquires business enterprise formerly owned by individuals, it is termed
- A. commercialization
- B. indigenization
- C. privatization
- D. nationalizationCorrect
Explanation
Nationalisation can be defined as the process of converting a private company to government owned corporation.
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