Introductory Entrepreneurship N4 — Document

June 2021 — N4 — Introductory Entrepreneurship

N4 2021 Nated Business

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📋 Document Analysis

🎯 100 marks ⏱️ 2h 📄 5 pages 📝 40 items found 📚 3 topics

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Q1— Section header —

1.1Indicate whether the following statements are TRUE or FALSE by writing only rue' or ' alse' next to the question number (1.1.1

1.1.5\in the ANSWER BOOK.

1.1.1Customers who buy in bulk receive quantity discount.

1.1.2Gross profit equals sales less cost of sales.

1.1.3Food is an example of durable goods.

1.1.4A sole trader is a legal person.

1.1.5

1.2Define the term entrepreneur (4\

1.3Explain FOUR basic tasks of a human resource practitioner. (4\

1.4Give FOUR reasons for forming a partnership. (4\

1.5Calculate the cash discount of 5,25% on a sales amount of R30 000. (2\

1.6What is the basic content of a financial plan (6\ [25]25

Q2— Section header —

2.1State the remuneration of each factor of production (5\

2.2Explain FIVE ways in which Stacy can improve creative thinking and initiative. (5\

2.3Name the SEVEN steps that Stacy should follow when purchasin stock. (7\

2.4Name THREE market research methods Stacy can use to identify her target market. (3\

2.5Give FIVE reasons why Stacy's business can fail (5\ [25] QUESTION25

3.1List FOUR features that will determine the size of Stacy's target market. (4\

3.2Stacy and her cousin are the winners in a National Entrepreneur of the Year competition. Their prize is R40 000 and they decide to invest R35 000 in a bank at 15% in terest per annum for two years. Calculate the final amount at the end of two years.

3.3Stacy has 10 female and five male workers in her employment. What percentage of the staff is male? (3\

3.4List EIGHT factors that determine the form of ownership. (8\

3.5List FIVE advertising media Stacy can use to promote her business. (5\ [25] 409029425

Q4— Section header —

4.1Name SIX sources of own capital. (6\

4.2Differentiate between fixed costs and variable costs (2 + 2\ (4\

4.3List THREE types of securities Stacy can give to obtain a loan from bank. (3\

4.4List FOUR types of insurable risks. (4\

4.5What is 37,5% of R15 500 (2\

4.625

Q5— Section header —

5.1Calculate the number of days between 7 January 2018 and 31 July 2018. (3\

5.2Stacy's net profit decreased by 10% in 2017, while her net profit for 2016 was R140 000. Calculate her net profit for 2017. (4\

5.3Explain each of the following abbreviation

5.3.1VAT

5.3.2PAYE

5.3.3

5.4Suggest FOUR ways in which Stacy can control the cash in her business (5\

5.525

Topics Identified

Business EnvironmentsForms of OwnershipBusiness Functions

Mark Allocation

Total100 marks

Sections25 + 25 + 25 + 25 + 25 = 125 marks

Paper information

TitleDocument

SubjectIntroductory Entrepreneurship

LevelN4

Document typeQuestion paper

Year2021

MonthJune

Pages5

Downloads5

Examination context

Decade2020s

Years ago5y

SeasonWinter (SH)

Start dayTuesday

Exam periodJune 2021

Days since exam1,960

About Introductory Entrepreneurship examination preparation

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How to use this resource for revision

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For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.

understanding question requirements

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A practical revision approach

Start by completing the resource without looking at the memorandum. Review incorrect and incomplete answers afterwards and make a short revision list based on the areas that caused difficulty.

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