Sylvia wants to expand her taxidermy business and is going to use profits from the business to do so.This is an example of using ________ for her expansion.

Question

Quizplus · Accepted Answer

Retained earnings refer to profits that a company keeps instead of distributing as dividends to shareholders. In this case, Sylvia is using her profits to expand her business, which means she is using her retained earnings rather than seeking direct or indirect finance.

Sylvia Wants to Expand Her Taxidermy Business and Is Going