Font size
WorksheetsEMS
Total questions: 13
Worksheet time: 16mins
A Shop where goods are sold to the public
Entrepreneur
Retailer
Inputs
Selling
Surplus can be defined as........
Money left over after you have paid all your expenses
A list of Assets and liabilities
Money subtracted from your salary
Define Bartering
What is an insurance.
Buildings, homes, offices or land
Possession that are used to run a business
An agreement whereby a company agrees to pay for loss of damage to property in return for monthly fee
A large number of people falling sick with the same disease at the same time in a particular Community
Government
Epidemic
Pandemic
Infrastructure
A Need is something that you would like to have
True
False
Give one advantage of electronic banking
Define Capital
Define Assets
Community needs and wants are satisfied by the provision of......
People
Goods and services
Government intervention
Number of people employed in a business
What are Municipal rates
Taxes and levies charged by towns or citied to pay for the provision of services
Money paid to the government in return for public goods
They employ a lot or more people and at higher salaries and wages
Disadvantages of an Informal Business
They operate from a fixed location so that customers know where to find them
They are often accused of polluting their business environment and do not prevent their customers from littering around the business
They offer opportunities for unskilled people
What is a Budget
Is a list of things you want
It is a plan of how you are going to spend your money
