Correct Answer: B. Principles of comparative cost

Correct Answer: D. Debit note

Correct Answer: D) Bureau of Public Enterprises

Explanation

The correct answer is Option D: Bureau of Public Enterprises. The Bureau of Public Enterprises (BPE) is the current highest decision-making body on privatization and commercialization of public enterprises in Nigeria.

Privatization and commercialization involve the transfer of public enterprises, such as government-owned companies, to private ownership or control. This can be done through the sale of shares to private investors or the transfer of management control to private companies.

The BPE is responsible for implementing the privatization and commercialization policies of the Nigerian government. It oversees the process of identifying, valuing, and selling public enterprises to private investors. The BPE aims to improve the efficiency and effectiveness of these enterprises by subjecting them to market forces and private sector management practices.

The other options, National Council on Privatization, Securities and Exchange Commission, and Nigeria Investment Promotion Commission, are important bodies in Nigeria's economic and business sectors, but they do not hold the highest decision-making authority on privatization and commercialization.

In summary, the correct answer to the question is Option D: Bureau of Public Enterprises. The BPE is responsible for making decisions regarding privatization and commercialization of public enterprises in Nigeria.

Correct Answer: B) encourages individuals to work towards achieving the organization's objectives

Explanation

When employees are motivated, they are more likely to be productive, efficient, and committed to their work. Motivation can come in various forms, such as rewards, recognition, opportunities for growth and development, and a positive work environment. These factors help to create a sense of purpose and satisfaction for employees, which in turn leads to increased engagement and better performance.

On the other hand, if employees are not motivated, they may feel demotivated, uninterested, and less committed to their work. This can negatively impact their productivity and overall performance. Therefore, it is important for managers to understand the importance of motivation and create a work environment that fosters motivation among employees.

Option B, encourages individuals to work towards achieving the organization's objectives, is the correct answer because it accurately reflects the role of motivation in management. Motivation is not only about improving staff welfare or reducing friction among the organization's objectives, although these may be positive outcomes of motivation. But the primary purpose of motivation is to inspire and encourage individuals to work towards achieving the organization's goals and objectives.

In conclusion, motivation is a vital element in management as it helps to drive individuals to work towards achieving the organization's objectives. By understanding and utilizing motivation effectively, managers can create a positive and productive work environment that benefits both the employees and the organization as a whole.

Correct Answer: C. price, product, place and promotion

Correct Answer: A. drawee

Explanation

(a) Agency is a legal relationship that exists between two persons when one, called the agent, is employed by the other, called the principal, to bring the principal into legal relations with the third parties.

(b) Factor: (i) He can sell goods in his own name.

(ii) He has a general lien on the goods in his possession.

(iii) He can give the usual business warranties.

(iv) He acts on behalf of a principal.

(v) He can sue the principal for Commission.

Broker: A broker is an agent whose principal role is to make bargains and contracts on behalf of the principal with a third party.

(i) He cannot pledge the goods.

(ii) He has no possession of goods/ no lien on goods.

(iii) He receives Commission called brokerage.

(iv) He cannot sell in his own name.

(v) He can only sue in principal's name for the recovery of any amount due to him.

Del- Credere Agent: (i) He sells goods on behalf of the principal.

(ii) He is liable to pay the principal if the buyer refuses to pay.

(iii) He receives extra commission called Del -credere commission.

(iv) He takes possession of goods.

(v) He sells in his own name.

Auctioneer: (i) This agent is licensed to sell goods on auction to members of the public at public places to the highest bidder.

(ii) He may not be in possession of the goods

(iii) The Auctioneer can act for the seller as well as the buyer.

(iv) He has an implied authority to sell without a reserve price.

Correct Answer: D. Increase of excise duty

Correct Answer: A. public corporations

Correct Answer: A. closed indent