Business 9609 · AS & A Level · Business finance

Business finance — practice question

(a)[2]

Define the term ‘capital expenditure’ in relation to fixed or non-current assets.

(b)[3]

Briefly explain two reasons why a bank may decide not to lend money to an entrepreneur.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Spending on fixed or non-current assets” …

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI