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7th
grade
Business Studies Grade 7 Formal and Informal Businesses
10 questions
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- 1. Multiple Choice
Access to business loans
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 2. Multiple Choice
Little chance of business growing or being stable
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 3. Multiple Choice
No or minimal costs to establish
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 4. Multiple Choice
Tax and levies increase business costs
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 5. Multiple Choice
Do not get taxed due to not being registered
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 6. Multiple Choice
Attract skilled or highly-skilled employees
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 7. Multiple Choice
Access to larger consumer markets
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 8. Multiple Choice
More administration due to regulations
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 9. Multiple Choice
Registration and permit costs
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
- 10. Multiple Choice
Difficulty in accessing business loans
Informal Business Advantage
Informal Business Disadvantage
Formal Business Advantage
Formal Business Disadvantage
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