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WAEC Commerce 2016 Question 31

Question 31

Business Units

The size of an enterprise is determined by the

  1. A.number of customers of the enterprise.
  2. B.length of the time the firm has been in operation.
  3. C.amount of capital invested.
  4. D.type of work done.
Show the answer and explanation

Answer: C (amount of capital invested.)

Explanation

A common measure of the size of a firm is the capital invested in it.