Entrepreneurship

3. Good that can be used in place of another. Same satisfaction.
7. Assets =Owners Equity is what equation?
9. What is it called when someone has many sources of income?
10. What classification is Trading stock?
12. What sector is most often associate with the knowledge economy which is also the production, manipulation, and analysis of data and information?
13. What is it called when a person uses technology advancements and creates an business venture?
15. This business buys products with the intention of selling at a higher price to customers.
16. What sector makes use of extracted primary materials to build, manufacture or develop finished goods.
17. Goods used together to give/provide maximum satisfaction.
19. What journal (document) used to record the receipts of cash by a business?
20. What is the document where there is proof of cash transaction for the accountant/ proves that a transaction occurred, and records the details of the transaction?

1. Considered desires, people can live without and could be a wish for better quality of life.
2. These businesses manufacture/ make their own products to sell to customers.
4. The physical and mental effort that goes into doing a ‘job properly.’
5. Services rendered for the week amounted to R7 500, name the classification.
6. A ____ is a financial action or event that takes place in a business?
8. Have to do with the survival of a person like water, food, shelter.
11. The process that takes place when an entrepreneur combines the other factors of production (land, labour and capital) in order to start and run the business to get the goods and services for meeting needs and wants.
14. What is it called when they are the owners of the business and they combine the other factors of production.
18. Name an account for the classification of Current Assets.