Question 1:

(a) What do you understand by the term Entrepreneurship? Briefly describe three forms of entrepreneurship.

(b) Describe four values that a company creates for its stakeholders?

(c) List two advantages and two disadvantages of the leasing method.

Question 2:

(a) A company must have a legal form irrespective of its location. Describe four legal forms of a capitalist company.

(b) What do you understand by a social company and what are its functions?

(c) An entrepreneur is a person that needs to possess different skills and qualities in order to setup and manage a company.

Briefly describe five most important qualities that he must possess.