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.
Which ONE of the following is an example of a CALCULATED RISK for Lucy’s business?
Select ONE answer:
- Lucy’s costs had risen by 40% in the past 9 months.
- Lucy has calculated her yearly income tax as £9,895.
- There is an 80% chance of Lucy’s business failing.
- Lucy has estimated that demand will rise by 40% over the next 18months.
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 3
This work is licensed under a Creative Commons Attribution 4.0 International License.
The Multiple Choice Questions Blog 
You must be logged in to post a comment.