WAEC Commerce 2012 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.
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The size of profit of a business is measured by A. closing stock B. opening stock C. total purchases D. rate of turnover
- A. closing stock
- B. opening stock
- C. total purchases
- D. rate of turnoverCorrect
Explanation
Rate of turnover shows how many times stocks are replenished. This is what determines the size of the profit.
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