What is capital in business?
Answer and explanation
Correct answer: Money used to start or run a business
Business capital is the money or other financial resources invested or made available to start and operate an enterprise. It may be used for equipment, inventory, premises, wages, and other business needs. A complaint, a shop name, or an unused object is not capital merely because it is connected with a business.
Frequently asked questions
What is the correct answer to this question?
Money used to start or run a business
Why is this the correct answer?
Business capital is the money or other financial resources invested or made available to start and operate an enterprise. It may be used for equipment, inventory, premises, wages, and other business needs. A complaint, a shop name, or an unused object is not capital merely because it is connected with a business.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Sources of Business Finance. Topic: Concept, nature and importance of business finance.
