Multiple Choice Nov p1 2018 Flashcards
A business has full control over its
Vision
Can be classified under a public sector enterprise
Eskom
To be on something of which the outcome is not sure
Pyramid Scheme
This task is used to recruit and select the best employees
Human resource Function
Ensures that tactical decisions are carried out
Middle level managers
It is an independent body set up and paid by the marketing communication industry to regulate public interest
Advertising Standards Authority of South Africa
Money generated to start a business
Capital
It promotes the development of a credit market that is accessible to South Africans
National Credit Act
Portion of the total capital which is invested in non current assets such as vehicles , equipment and land
Fixed Capital
Giving everyone = opportunity
Inclusivity
A person that owes money to a business
Debtors
Business providing goods or services in exchange for money
Suppliers
Cost of borrowing money
Interest
Subordinate employees report to only one head
Line organizational structure
Resp for collecting storing and distributing business information
Administration Function
