CSEC Principles of Business · May/June 2013 · Paper 2 · Question 4(a)(ii)
Janice requires financing to establish a pasta production business.
Define the term 'collateral'.
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Practise this questionOther parts of this question
- 4(a)(i)Identify THREE sources of capital for Janice to start her business.[3 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]
More practice: the rest of this paper · more Location, Regulation and Financing of a Business questions · all CSEC Principles of Business past papers