As Part of the Effort to Make the Nigerian Colony

question 22

Multiple Choice

As part of the effort to make the Nigerian colony pay for its administration, the British

• A) invested heavily in new industry.
• B) levied heavy taxes on exported raw materials.
• C) promoted plantation farming of cash crops.
• D) encouraged unemployed British citizens to emigrate to West Africa.
• E) offered subsidies to Nigerian entrepreneurs.

---

Definitions:

Contribution Margin Ratio

A financial ratio that measures the proportion of revenue remaining after variable costs have been deducted, indicating how much contributes to covering fixed costs and generating profit.

Fixed Monthly Expenses

Regularly occurring costs that do not vary in amount from one month to the next, such as rent or loan payments.

Net Operating Income

The revenue left over after subtracting operating expenses, but before deducting interest and taxes.

Selling Price

The price at which a product or service is offered for sale to customers.