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Turnover of a business is the same as the  

Commerce
JAMB 2025

Turnover of a business is the same as the

 

  • A. purchases of the business
  • B. assets of the business
  • C. sales of the business
  • D. profit of the business
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Correct Answer: Option C
Explanation

The turnover of a business refers to the total sales made by a business during a certain period. It is the gross revenue of the
business, not the profit, assets, or purchases. Therefore, the turnover of a business is the same as the sales of the business.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts