a.
i. Email

• Retention of record of information is important.
• Information has to be conveyed quickly.
• Facilitates recipient to respond at a convenient time.
• Identical information has to be communicated to many persons.

ii. Face-to-face conversation

• Interactive communication requiring prompt exchange of viewpoints.
• Exchange of persuasive, bad-news, and personal messages.
• When non-verbal communication is important.

iii. Memo

• Explanation of policies and procedures to employees.
• Dissemination of important information within an organization.

iv. Phone call

• Conveying or obtaining quick information is important.
• Face-to-face meetings are not convenient.

v. Video conferencing

• Group interactions and consensus are important, and members are in different locations.
• Saves time and money.

vi. Letter

• Authentic signatures of the senders are required.
• Formal communication with customers, external organizations, and officials.

b. The main policy approaches used by governments to meet macroeconomic objectives include:
i. Monetary policy

• This is a macroeconomic tool that regulates the money supply to maintain price stability. Tools include changes to interest rates, supply of money, and changes to the value of the exchange rate.

ii. Fiscal policy

• This is the use of taxation, government spending, and borrowing to regulate economic activity. Fiscal policy can be employed to achieve macroeconomic objectives of full employment, economic growth, and price stability.

c. Policies Nigeria may adopt to protect her cottage industry from foreign competition:
i. The imposition of high import taxes on goods coming into Nigeria.
ii. Setting quota limits on the amount of goods that can be imported into Nigeria.
iii. Putting a ban on imports of some types of goods into Nigeria.