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O-LevelCommerceFinance7100/11 · Oct/Nov 2024 · Q381 Mark

Which action would improve the working capital of a business?

Aasking for extended trade credit

Bbuying more fixed assets

Cgiving credit facilities to customers

Dmaking use of retained profit

✓ Correct answer

A: asking for extended trade credit

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2024 Paper 1 Variant 1, question 38.

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