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O-LevelCommerceFinance7100/11 · May/June 2010 · Q381 Mark

A factory owner needs to buy an expensive piece of machinery. He does not have the necessary $10 000 to purchase for cash. How can the factory owner obtain the machinery without buying on credit?

Adeferred payment

Bhire purchase

Cleasing

Doverdraft

✓ Correct answer

C: leasing

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2010 Paper 1 Variant 1, question 38.

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