What is the public sector?

Who makes all the decisions in a sole proprietorship?

List two advantages of a sole proprietorship.

List two disadvantages of a sole proprietorship.

How many individuals can form a general partnership?

What is a limited partnership?

List two advantages of a partnership.

List two disadvantages of a partnership.

What is a private limited company?

What is limited liability?

Name one document required for setting up a private limited company.

What is a franchise?

Who is a franchisor?

Who is a franchisee?

List one advantage of franchising for the franchisee.

List one disadvantage of franchising for the franchisee.

What is a job franchise?

What is a product franchise?

What is a business format franchise?

What are the initial steps required to register a venture?

What are some key components of personnel/labour laws that businesses must adhere to?

What is the purpose of collective bargaining in the context of labour laws?

What steps are involved in fulfilling tax obligations when registering a new venture?

What is the significance of tax incentives for new ventures?

What does ISO stand for and why is it important for businesses?

What are the main functions of OSHA in the workplace?

What is HACCP and why is it critical in certain industries?

What are AML and CFT regulations and why are they important?

How do IFRS benefit businesses operating internationally?

What does environmental stewardship entail for a business?

What are Intellectual Property Rights (IPR) and why are they significant for businesses?

What is the concept of open innovation in business?

Name three types of contracts commonly used in business ventures.

Why are contracts essential in business operations?

What is the role of accreditation and certification in business?

Give an example of a certification that a business might seek and explain its importance.

Why are ethics and integrity crucial in business ventures?

What is a code of ethics, and why is it important for businesses?

List two reasons why a company should implement a code of ethics.

What is business etiquette and why is it important in a professional context?

Define Corporate Social Responsibility (CSR).

Why is CSR important for businesses?

What is corporate governance?

How does good corporate governance benefit a business?

What is social entrepreneurship?

What role do NGOs play in the social sector?

How can businesses collaborate with NGOs to enhance their CSR efforts?

What is the role of ethics in maintaining business integrity?

What is the role of ethics in maintaining business integrity?

Explain the concept of business etiquette in the context of international business.

What are the potential consequences of neglecting CSR in a business venture?

What distinguishes a social enterprise from a traditional for-profit business?

Why is transparency important in corporate governance?

How can implementing a code of ethics impact employee behavior?

What is the Triple Bottom Line (TBL) and why is it important in business?

Explain the significance of each 'P' in the Triple Bottom Line.

How can businesses benefit from considering the people aspect of the Triple Bottom Line?

Give an example of how a business can prioritize the planet aspect of the Triple Bottom Line.

Why is it important for businesses to achieve profitability while considering the Triple Bottom Line?

What challenges might businesses face when implementing the Triple Bottom Line approach?

How can businesses measure their success in implementing the Triple Bottom Line?

Explain how businesses can integrate the Triple Bottom Line into their overall strategic planning.

What role does stakeholder engagement play in the implementation of the Triple Bottom Line?

List the stages involved in the market research process.

What is the purpose of defining the aim/problem in the market research process?

Why is it important to set research objectives during the market research process?

Explain the significance of selecting the right research methods in the market research process.

What is the purpose of data analysis and presentation in the market research process?

Briefly explain the importance of reporting findings in the market research process.

Define market research and explain its importance in business.

What are the primary reasons for conducting market research in a business venture?

Distinguish between primary and secondary information in market research.

Give an example of a qualitative research method and a quantitative research method.

What is a feasibility analysis, and why is it conducted for a venture?

List three benefits of conducting a feasibility analysis for a venture.

Name three key elements of a feasibility analysis and briefly explain each one.

Why is time feasibility important in a feasibility analysis?

Define feasibility analysis for a venture and explain its purpose.

Explain the concept of personality feasibility in a feasibility analysis.

Briefly describe technical feasibility in a feasibility analysis.

What is operational feasibility, and why is it important in a feasibility analysis?

What is operational feasibility, and why is it important in a feasibility analysis?

Define financial feasibility and its significance in a feasibility analysis.

Explain the concept of market feasibility in a feasibility analysis.

What is time feasibility, and why is it a key element of a feasibility analysis?

Briefly describe industry feasibility and its relevance in a feasibility analysis.

Explain the concept of cultural feasibility in a feasibility analysis.

Differentiate between market research and feasibility analysis, highlighting their distinguishing features.

List and describe five sources of funding for startups.

Explain the steps in the accounting cycle.

Discuss the elements of various financial statements.

Prepare the following financial statements: (a) Statement of Cash Flows to include Operating, Investing, and Financing activities (Cash Flow Statement). (b) Statement of Comprehensive Income (Income Statement). (c) Statement of Financial Position (Balance Sheet). (d) Conduct Breakeven analysis and appreciate its significance. (e) Perform Sensitivity analysis.

What is the purpose of a business model?

What is the Business Model Canvas?

Explain the components of the Business Model Canvas.

What is a value proposition and why is it important?

Explain the concept of product differentiation.