A-LevelBusiness StudiesFinance and accounting9609/12 · May/June 2018 · Q45 Marks
Define the term 'capital expenditure'.
- (a)Define the term 'capital expenditure'.[2]
- (b)Briefly explain two reasons why a bank might refuse to lend money to an entrepreneur.[3]
Mark scheme
Marking points from the official mark scheme (May/June 2018). The mark or mark type is shown in brackets.
- [1] The expenditure on fixed or non-current assets
- [1] e.g. buildings and machinery
- [1] that are expected to last for more than one year
- [3] Sound explanation of two reasons for a bank refusing to lend money to an entrepreneur.
- [2] Sound explanation of one reason for a bank refusing to lend money to an entrepreneur or partial explanation of two reasons.
- [1] Partial explanation of one reason or a list of two.
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