A small bakery in Port of Spain needs $50,000 to purchase new ovens. The owner wants to maintain full control of the business and avoid sharing profits. Which source of finance would be MOST appropriate?

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Question

A small bakery in Port of Spain needs $50,000 to purchase new ovens. The owner wants to maintain full control of the business and avoid sharing profits. Which source of finance would be MOST appropriate?

Accepted Answer

Bank loan — Award 1 mark for identifying bank loan as appropriate for maintaining ownership control. B is incorrect — issuing ordinary shares dilutes ownership and requires profit sharing through dividends. D is incorrect — venture capital involves giving up equity and some control to investors. A is incorrect — debentures are typically used by larger companies and involve complex legal arrangements.

Answer

Venture capital

Answer

Bank loan

Answer

Selling debentures

Answer

Issuing ordinary shares

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