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Section A: Multiple choice questions
QUESTION 1
MARKS: 10
Answer the following multiple choice questions. Only write down the question
number and the correct answer. E.g. 1.1 C
1.1 A special type of loan that could be extended to a company to help it acquire
property is known as:
A Mortgage
B Trade credits
C Bank overdraft
D Factoring
1.2 Which one is described as money acquired from banks, friends or investors?
A Finance
B Monetary fund
C Capital
D Loans
1.3 The Bank of Namibia is the central bank of the Republic bank, having been
found in?
A 1992
B 1991
C 1990
D 1993
1.4 Which interest describes a fast method of calculating the interest charged on
a loan or accrued to an investment?
A Inflation rate
B Principal amount rate
C Compound interest
D Simple interest
1.5 A petty cash voucher is usually a small form that is used to document a
disbursement (payment) from a __ _
A Payment voucher
B Petty cash fund
C Fixed imprest amount
D Petty voucher
1.6 Entrepreneurship may be defined as the act of identifying opportunities, and
taking on risks in the hope of making a: