Gr 7 EMS Topic 8
Quiz by Craig Fortuin
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21 questions
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- Q1any business that is not regulated or controlled by the governmentinformal business30s
- Q2a business that is regulated or controlled by the government in some wayformal business30s
- Q3books or records that are drawn up by a business to keep track of all their transactions and business dealsaccounting records30s
- Q4a payment charged by the government to pay for the provision of public goods and servicestax30s
- Q5a document bought from the local authorities giving you the right to trade in the areatrading licence30s
- Q6a business that buys goods in large quantities from manufacturers and resells to other shops or customers in smaller quantitieswholesaler30s
- Q7taxes or levies charged by towns or cities to pay for the provision of services like rubbish removalmunicipal rates30s
- Q8a business that is registered to charge customers VAT which is paid over to the governmentVAT vendor30s
- Q9tax paid on the goods and services that you buyVAT (value-added tax)30s
- Q10a very small informal business employing fewer than five peoplemicro-enterprise30s
- Q11a business that employs between 5-50 peoplesmall business30s
- Q12a business that employs 50-200 peoplemedium-sized business30s
- Q13small, medium and micro enterprisesSMME30s
- Q14a business that employs more than 200 peoplelarge business30s
- Q15equal parts of ownership of a business that can be bought by the publicshares30s