Revision

The process of running one's own business is referred to as:

• Employees

• Employer

• Entrepreneur

• Entrepreneurship

People who own, operate and take the risk of a business venture is known as an:

• Employee

• Employer

• Entrepreneur

• Entrepreneurship

People who work for someone else is called an ___________.

• Employee

• Employer

• Entrepreneur

• Entrepreneurship

Business records may be maintained in ​four ways.

• True

• False

Which of the following is NOT included in a letter of enquiry?

• Delivery Note

• Despatch

• Payment Procedures

• Prices

There are _________ types of financial institutions.

• Five

• Four

• Two

• Three

________ refers to the process of getting products to a place where they can be bought by the consumer.

What is the purpose of a Letter of Enquiry?

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OFF

Budgeting takes time.

• True

• False

Fixed ________ are those expenses that do not change.