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WAEC Commerce 2024 Objective — Question 45

Question 45 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.

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45. A reason for the privatization of the petroleum industry is to A.

  • A. reduce production of petroleum products.
  • B. reduce private businesses in the sector.
  • C. encourage private businesses in the sector.Correct
  • D. control production in the sector.

Explanation

By privatizing the petroleum industry, many private businesses can join the industry.

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