Post Utme Greenfield University 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2022 Commerce Objective / Multiple Choice

Question 31 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • COMMERCE • objective

A company's sole trader is considering expanding its operations to a new market. However, this expansion would require a significant increase in working capital. What type of financing would be most suitable for this purpose?

Answer Options

Correct Answer A. Short-term loan from a bank

B. Long-term loan from a venture capitalist

C. Issuing new shares to existing shareholders

D. Retaining profits within the business

Correct Answer

Correct Option:

Short-term loan from a bank

About This Question

This is Post Utme Greenfield University 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Greenfield University Commerce examination.

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