passwella.
Menu

JAMB Commerce 1999 Question 37

Question 37

Government and Business

The process of bringing a company under exclusive state ownership and control is known as

  1. A.nationalization
  2. B.commercialization
  3. C.indigenization
  4. D.privatization.
Show the answer and explanation

Answer: A (nationalization)

Explanation

Nationalisation transfers a business to full government ownership and control.