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WAEC Commerce 2015 Paper
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© africaexams.com
Question : 31
Total: 50
the size of an enterprise is determined by?
number of customers of the enterprise
length of the time the firm has been in operation
amount of capital invested
type of work done
Validate
Solution:
Measures of Size:
Capital Invested: The Amount of capital invested is one measure of size that can be used to compare the size of like and unlike firms.
Value of the Product:
The Number of Wage-earners Employed:
Power Used
Amount of Raw Materials Consumed
Volume of Output
Productive Capacity of the Plant
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