QUESTION

$1$

mark$)$

You have been appointed as the new departmental head

of entrepreneurship for the Department of Trade and

Industry $($DTI$).$ Explain to the board of directors the

amount which the proprietor has invested in the

business is called...

a$.$ Cash

b$.$ Assets

c$.$ Capital

d$.$ Income

QUESTION $2$

mark$)$

You work as an entrepreneurial consultant for a major

business within South Africa. One of its clients

approached you and wants to know what the type of

finance that is made available to the business enterprise

for a period of less than $12$ months is known as$.$

a$.$ Short term finance

b$.$ Long term finance

c$.$ Medium finance

d$.$ Interim finance

QUESTION $3$

mark$)$

Which of the following is appropriate collateral for

equipment with a life expectancy longer than five years?

a$.$ Mortgage

b$.$ Bond

c$.$ Contract

d$.$ Loan