Chapter 5 Government Support

Question 1

What is government support

Answer 1

Government support means any assistance or help that are given to businesses.

Question 2

What is grant

Answer 2

Grant is a sum of money provided by the government that needs not be repaid.

Question 3

What is SME Mauritius

Answer 3

SME Mauritius are independent businesses which operate on a small scale

Question 4

What is the national women entrepreneur council

Answer 4

The National Women Entrepreneur Council provides support and ssistance to both potential and existing women entrepreneurs in Mauritius and Rodrigues.

Question 5

What is a bank loan

Answer 5

Bank loan is money lent by a bank for a given period of time against interest.

Question 6

What is bank overdraft

Answer 6

Bank overdraft is a credit facility that allows entrepreneurs to borrow up to an agreed amount of money.

Question 7

What is trade finance

Answer 7

Trade finance is a flexible, short. term borrowing facility, linked to specific import or export transactions.

Question 8

Meaning of rule

Answer 8

A rule is a general norm that guides conduct or behaviour.

Question 9

What is regulations

Answer 9

Regulations are rules of order having the force of law.

Question 10

What is the national minimun wage

Answer 10

National Minimum Wage is the lowest amount that employers can legally pay.

Question 11

What is trade finance

Answer 11

Trade finance is a flexible, short term borrowing facility, linked to specific import or export transactions