Entrepreneurship

 Possessions of a business are known as....

• A)       capital

• B)       income

• C)       liabilities

• D)       assets

A 13^th cheque is ….

• A)     an employment benefit or perk

• B)       Commission

• C)       Bonus

• D)       Both A & C   

The interest payable on a loan is considered as a /an___________.

• A)       current liability

• B)       deficit

• C)       expense

• D)       long term liability

Money received for services rendered to a client is referred as ________________ in the book of accounts.

• A)       current income

• B)       sales

• C)       rent income

• D)       interest earned

 An incentive for sale representatives to do more sales and to earn more is called…

• A)       Dividends

• B)       Commission

• C)       Royalties

• D)       Bonuses                

Examples of needs are...

• water

  
  

• cellphone

• music

• both music and cellphones