passwella.
Menu

JAMB Commerce 1999 Question 44

Question 44

Production

I. Money and machines II. Materials and money III. Market and Man IV. Materials and man. Which combination of the above are basic requirements as business resource?

  1. A.I and II
  2. B.II and III
  3. C.I and IV
  4. D.II and IV.
Show the answer and explanation

Answer: C (I and IV)

Explanation

The four basic resources (the 4 Ms) are money, machines, materials and men (manpower), given in I and IV.