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6 marksAssistance Available to Small Firms

CAPE Management of Business Unit 2 · 2014 · Paper 2 · Question 6(b)(i)

Carl operates a small landscaping enterprise. He displays spendthrift and ill-tempered behaviors and fails to maintain proper accounting records.

Explain TWO benefits that Carl would enjoy if he were to borrow money from his family or friends to start his landscaping business.

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Other parts of this question

  1. 6(a)(i)Define the term 'entrepreneurship'.[2 marks]
  2. 6(a)(ii)Identify THREE characteristics of a successful entrepreneur.[3 marks]
  3. 6(a)(iii)State ONE advantage and ONE disadvantage of being an entrepreneur.[2 marks]
  4. 6(b)(ii)Discuss how the THREE characteristics displayed by Carl may prevent him from becoming a successful entrepreneur.[12 marks]

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