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An internal source of finance to an enterpreneur is

Commerce
JAMB 2022

An internal source of finance to an enterpreneur is

  • A. trade
  • B. retained earning
  • C. overdraft
  • D. debenture
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Correct Answer: Option B
Explanation

Internal source of finance refer to money that comes from within a business. There are several internal methods an entrepreneur can use, including owners capital, retained profit and selling assets.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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