Multiple Choice Nov p1 2018 Flashcards

1
Q

A business has full control over its

A

Vision

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2
Q

Can be classified under a public sector enterprise

A

Eskom

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3
Q

To be on something of which the outcome is not sure

A

Pyramid Scheme

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4
Q

This task is used to recruit and select the best employees

A

Human resource Function

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5
Q

Ensures that tactical decisions are carried out

A

Middle level managers

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6
Q

It is an independent body set up and paid by the marketing communication industry to regulate public interest

A

Advertising Standards Authority of South Africa

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7
Q

Money generated to start a business

A

Capital

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8
Q

It promotes the development of a credit market that is accessible to South Africans

A

National Credit Act

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9
Q

Portion of the total capital which is invested in non current assets such as vehicles , equipment and land

A

Fixed Capital

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10
Q

Giving everyone = opportunity

A

Inclusivity

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11
Q

A person that owes money to a business

A

Debtors

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12
Q

Business providing goods or services in exchange for money

A

Suppliers

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13
Q

Cost of borrowing money

A

Interest

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14
Q

Subordinate employees report to only one head

A

Line organizational structure

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15
Q

Resp for collecting storing and distributing business information

A

Administration Function

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16
Q
A