Business Studies Multiple Choice Question – 21 July 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Business Studies
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Lucy was fed up with taking orders from other people at work. She wanted personal satisfaction and financial security so decided to set up as a sole trader selling indoor plants using modern gardening techniques.

After a successful 24 months trading on the internet from home she wanted to expand the business.

Lucy needed to raise £35 000 to buy a nursery and buy gardening equipment.

As a sole trader, which ONE of the following is a long-term source of finance for Lucy?

 

Select ONE answer:

  1. Share capital.
  2. Overdraft.
  3. Trade credit.
  4. Asset sales.

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 1

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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