WAEC Commerce 2018 Objective — Question 47
Question 47 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
The purpose of commercialization is to
- A. encourage the participation of the private sector
- B. make state owned firms more efficientCorrect
- C. encourage the flow of foreign capital
- D. enable state owned firms pay tax
Explanation
Commercialization aims to make state-owned enterprises operate more efficiently, often by requiring them to be run on a profit basis.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.