WAEC Marketing 2025 Objective — Question 26
Question 26 of 40 from the West African Examinations Council (WAEC) Marketing 2025 Objective paper, with the correct answer and a full explanation.
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Funds sourced by a baker from previous year's profit for expansion is a
- A. personal savings
- B. bank loan
- C. bank overdraft
- D. retained earningCorrect
Explanation
Profit kept back from a previous period and reused for the business is retained earning.
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