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kye
0450-22-M-J-13-2d
chloe
TOPIC QUESTION - PAPER 1
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chloe
October 21, 2025 at 6:30:12 AM
May/June 2022
Version 3
5.0 Financial Information and Decisions
5.3 Income Statements
YOUR ANSWER
Reason 1: as a source of finance
Explanation: profit is a way to earn finance inthe business, other than investments from other companies or bank loans. TJM’s profit also doesn’t have to be repaid, and can be used for day-to-day expenses.
Reason 2: reward for risk taking
Explanation: the use of enterprise in TJM involves risk taking, and when there’s success, profit is a reward for risk taking for the entrepreneurs of TJM.
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