JAMB Commerce 2008 Objective — Question 13

Question 13 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

13. The components of capital employed in a business are

A. owners' equity and long-term debtsCorrect
B. total asset current liabilities
C. share capital and long-term debts
D. share capital and current liabilities

Explanation

Capital employed is the amount used by a firm to generate profit; it comprises owners' equity and long-term liabilities.

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