Post Utme Veritas University 2023 Commerce Question 2

Practice objective / multiple choice question 2 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice

Question 2 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

A firm's financial statements show a decrease in revenue and an increase in expenses. What is the likely effect on the firm's profit margin?

Answer Options

A. Increase in profit margin

Correct Answer B. Decrease in profit margin

C. No change in profit margin

D. Uncertain effect on profit margin

Correct Answer

Correct Option:

Decrease in profit margin

About This Question

This is Post Utme Veritas University 2023 Commerce Question 2. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

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