(a) Define price elasticity.

(b) If at N 8.00 per tuber, twenty tubers were demanded and when the price fell to N 6. 00 per tuber, thirty tubers were demanded, what is the elasticity of the demand?

The objective of departmentalization is to

• A. ensure that departmental managers are adequately monitored
• B. record transactions for each department for better documentation
• C. tackle any recording problem as a result of expansion
• D. evaluate the profit of different departments

In his teaching on effective prayer, James said that the prayer of faith would

• A. heal and cleans sins
• B. influence the authority
• C. enhance commitment to church
• D. ensure salvation for the the sick

God did not lead the Israelites by the way of the land of the Philistines although that was near because

• A. He wanted them to learn through hardship in the wilderness
• B. the Egyptians would have overtaken them
• C. they were afriad of the Philistines
• D. He did not want them to see war and return to Egypt

The importance of love in the teachings of Peter is that it

• A. covers a multitude of sins
• B. brings together all believers in the community
• C. takes on to eternal life
• D. extends to Christians only

In an A.C circuit, the ratio of r.m.s value to peak value of current is

• A) 2
• B) 1/2
• C) 1/√2
• D) √2

It shall be neither mine nor yours; divide it what was to be divided?

• A. Elijah's mantle
• B. Jesus Garment
• C. Live Baby
• D. Solomon's Kingdom

In what part of the West African coast can a tombolo be found?

• A. Senegal
• B. The Gambia
• C. Guinea
• D. Sierra Leone

Aged muslim can susbstitute ramdan fast by

• A. askng for forgiveness
• B. Observing Nawafil
• C. reciting the Quran
• D. Feeding an indigent

(a) Define the term limited liability [4 marks]

(b) Explain any four problems of statutory public corporations in your country [16 marks]