ZIMSEC O Level Business Enterprise Skills Paper 2 Past Papers

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Sources of Finance Enterprise Skills Market Research Quality and Productionbusiness sizeBusiness Objectives Business EthicsICTSMEsbusiness failure

Explained questions

State the term for the part of a business's profit, after tax, that is kept in the business instead of being taken out as drawings or paid out as dividends.
A business enterprise holds inventory of $7 000, trade receivables of $13 000 and cash at bank of $10 000. Its only current liability is trade payables of $11 000. What is the working capital of the enterprise?
Which of the following is an internal source of finance for a business enterprise?
Which action would improve the working capital position of a business enterprise?
Which of the following is an example of primary market research?
State the term for market research that uses information already collected by someone else for another purpose, such as government statistics or trade journals.
A drawback of secondary research compared with primary research is that
State the term for a business owned and run by one person, who provides the capital, keeps all the profit and is personally liable without limit for the debts of the business.
An advantage of operating an enterprise as a sole proprietor is that
Which of the following is a function of a merchant bank?
Which of the following is a source of secondary research data?
A disadvantage of operating a business as a sole proprietorship is that
An enterprise has total fixed costs of $20 000. Each unit sells for $3 and has a variable cost of $1. What is the break-even point in units?
An enterprise breaks even at an output of 10 000 units. Each unit sells for $3 and has a variable cost of $1. What is the break-even point expressed in sales revenue?
Under total quality management,
State the term for identifying an opportunity, taking a calculated risk and organising resources in order to turn that opportunity into a good or a service.
Which of the following is an external stakeholder of a manufacturing enterprise?
The role of an entrepreneur in production is to
State the term for the degree of excellence of a good or service, that is how well it meets the requirements and expectations of the customer.
Which of the following is a characteristic of a successful enterpriser?
A person who starts a business after losing a job is being driven towards enterprising by
State the term for a person who owns and runs a business alone, keeping all the profits but bearing unlimited personal liability for its debts.
In business, quality is best defined as
Daisy employs cooks in her food business and buys ingredients from a wholesaler. The wholesaler is best described as
In business, an enterprise is
The market share of a business enterprise is
A private limited company is a business enterprise in which
A market leader is a business enterprise that
An enterpriser is a person who
A private limited company is best defined as a business

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O Level Business Enterprise Skills Paper 2 Past Papers, 2018 to 2024

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