JAMB Commerce 2019 Objective — Question 29

Question 29 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2019 Objective paper, with the correct answer and a full explanation.

The excess of the assets over the liabilities of a business is called

A. working capital
B. net worth
C. capital employedCorrect
D. initial capital

Explanation

Capital employed is the difference between the total assets of a company and its liabilities.

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 2019 Objective More Commerce past papers