Question 10
Business CombinationsWhich of the following is an example of a conglomerate?
- A.National Electric Power Authority
- B.United Africa Company Nigeria Plc
- C.The Nigerian Railway Corporation
- D.First Bank of Nigeria Plc.
Show the answer and explanation
Answer: B (United Africa Company Nigeria Plc)
Explanation
UAC operates in many unrelated lines of business (food, property, logistics), which makes it a conglomerate.