Paper 2 · November 2018 · Enterprise Skills
In business, an enterprise is
Aa document that records the amounts owed by a firm's customers.
Ba licence issued by a local authority allowing a firm to trade.
Ca person appointed by the shareholders to audit a company's accounts.
Dan organisation that combines resources to produce goods or services.
Explanation
An enterprise brings land, labour and capital together to satisfy a need, and whoever runs it accepts the risk that the output may not sell for more than the inputs cost. The word covers a vendor's stall as much as a factory, since it is the activity rather than the size that defines it.
Derived from ZIMSEC Business Enterprise Skills Paper 2, Nov 2018, Q1