3 marksPersonal Finance, Business Financing and Record Keeping

CSEC Principles of Business · May/June 2013 · Paper 2 · Question 4(a)(i)

Janice requires financing to establish a pasta production business.

Identify THREE sources of capital for Janice to start her business.

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Other parts of this question

4(a)(ii)Define the term 'collateral'.[2 marks]
4(a)(iii)List TWO examples of collateral.[2 marks]
4(b)(i)Identify THREE personal traits which Janice should possess in order to be successful in business.[3 marks]
4(b)(ii)Describe TWO roles of an entrepreneur.[4 marks]
4(c)Discuss TWO factors which Janice must consider when deciding whether she should set up a sole proprietorship or a partnership business.[6 marks]

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