CSEC Principles of Business · May/June 2012 · Paper 2 · Question 4(b)(ii)
Outline TWO reasons why collateral is important to a borrower.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 4(a)(i)State THREE reasons for establishing a business.[3 marks]
- 4(a)(ii)Identify THREE sources of capital used in financing a business.[3 marks]
- 4(b)(i)Define the term 'collateral' and give TWO examples of collateral that may be used in a business transaction.[4 marks]
- 4(c)(i)Executive summary[3 marks]
- 4(c)(ii)Financial projections[3 marks]
More practice: the rest of this paper · more Location, Regulation and Financing of a Business questions · all CSEC Principles of Business past papers