This section consists of FIVE (5) gap-fill statements. Each question is worth one (1) mark. Select the word that correctly completes the sentence.

technical feasibility

value

one-time expenses

business plan

fixed expenses

2.1. ____________ are expenses that will only occur at the beginning of opening the new business.

2.2. A _____________________ defines the actions needed to be done to make the business a reality.

2.3. _______________ are expenses that wont change, such as administrative and utilities costs.

2.4. The _____________ element of a feasibility study specifically looks at the current technical capabilities of the organisation, including the availability of skilled staff and appropriate facilities?

2.5. Capital budgeting is the process that investors and/or entrepreneurs use to determine the __________ of a potential investment project.