JAMB Commerce 2008 Objective — Question 12

Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

12. The cheapest source of funds available to a company is through

A. the sale of shares
B. retained profitsCorrect
C. the sale of bonds
D. lease financing

Explanation

Retained profit costs a company nothing to finance an expense, unlike other sources which involve some cost.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2008 Objective More Commerce past papers