Which one of the following statements is an advantage of a private business trust?

Which of the following options represent characteristics that define an entrepreneur?

a. An entrepreneur starts a new venture.

b. An entrepreneur takes financial risks.

c. An entrepreneur accepts full responsibility for the outcome of the business.

d. An entrepreneur harnesses factors of production to generate products.

e. An entrepreneur consistently earns a profit.

Sue is the owner of Constantia’s BMW car dealership. She has employees with technical expertise who service cars. One of her management functions is to allocate daily responsibilities to her employees. She also liaises with clients daily as they come to the dealership to have their cars serviced. _______ are the most required management skills for performing this function. 

Which one of the following statements is true regarding a partnership?

The goal of

the National Development Plan (NDP) for small businesses is to create _______%

of jobs by 2030.

If SAB were to introduce a rewards programme whereby employees who performed very well every month are given recognition and financial incentives, which needs of their employees would the company be satisfying? 

Muziwamadoda Xulu has been unemployed for a year since completing his BCom Degree in Marketing Management. After attending a session organised by the Small Enterprise Development Agency (SEDA) and Small Enterprise Finance Agency (SEFA) Muziwamadoda received an announcement that entrepreneurs should submit their business plans for funding. Since he was in the process of establishing a marketing agency that would assist local businesses in coming up with their marketing strategies, he decided to compile a business plan to submit to the SEFA. Which one of the following can be associated with Muziwamadoda’s purpose of compiling a business plan?

Which one of the following is a disadvantage of owning a business?

_____ is not one of the entrepreneurial traits.

Which of the following statements are true about the Fourth Industrial Revolution (4IR)? 

a. The 4IR is globally driven by advanced innovation and process automation.

b. Artificial intelligence is vital in leading process automation.

c. The 4IR is slow in bringing change and causing disruption.

d. The 4IR brought electronics and assembly lines.

e. The 4IR has essentially changed the way we relate, work and live.