Accounting+business Test

Question 1

What is the difference between the formal and informal sector

Answer 1

Registered, sole proprietors, businesses, to make profit/to survive registered with sars, contribute to the gdp(gross domestic product)
Registered with the department of labour to pay UIF (unemployment insurance fund)
Get books audited, hard to get credits or ;loans because non official record of income.
Fixed premises. Handyman

Question 2

What does the public sector include

Answer 2

SAA, governed/ run by the state on 1 of 3 levels.
National(SAA)
Provincial(wesgrow)
local(golden arrow)
Motive not to make profit, offer service
Funding by tax
Exist to meet social+civil demand, healthcare education, protection

Question 3

What do es the private sector include

Answer 3

Privately owned
Kulula 
Owned by sole traders,partnerships,companies with profit motive.
NGO(non gov organisation )
NPO(non prof organisation )
Meet customer demands
Better quality healthcare education etc… housing
Funding by individuals/groups

Question 4

Transport

Answer 4

Spécial gap between producer+ end customer

Question 5

Storage

Answer 5

Time gap

Question 6

Sorting

Answer 6

Quality and variety gap

Question 7

Grading+ standardisation

Answer 7

Quality gap

S’abstenir

Question 8

Financing

Answer 8

Possession gap

Bank+ supplier of credit

Question 9

Insurance

Answer 9

Risk gap

Question 10

Actual sales

Answer 10

Possession gap by selling