An internal source of finance to an entrepreneur is

Assessment: WAEC SSCE - Commerce - 2022 (Objective) Subject: Commerce

Question 1 Report

An internal source of finance to an entrepreneur is
Answer Details
An internal source of finance to an entrepreneur is "retained earnings." Retained earnings are the profits earned by a company that are kept within the company instead of being distributed as dividends to shareholders. These retained earnings can be used by the company to finance its operations, invest in new projects or ventures, or pay off debt. Therefore, it is an internal source of finance as the entrepreneur does not need to seek external sources like banks or other financial institutions to get funds.
Read lesson note on Financing Business (JAMB)
Read lesson note on Business Capital And Profits (WAEC)
View Answer

Related Questions

1

The provision of services is classified under
2

The resources put together to create goods and services are
3

The of the products of the construction industry is a
4

The growth of Pro commerce is not enhanced by
5

The service of a retailer is part of production because it
6

A group of sellers who pool their resources to buy goods in large quantities and sell to its members is a
7

Which of the following organizations provide essential goods and services at low cost to citizens?
8

An article used as a means of exchange in the early days of trade in West Africa was

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning