SECTION B: ACTIVITY 2 Answer ALL the questions in this section Write paragraphs on the questions below Marks will only be allocated for responses written in full sentences 2. 1 Explain how a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship (4 x 2) (8) 22 Discuss FOUR reasons why it is important for a novice entrepreneur to build positive relationships with customers. (4x 2) (8) 23 Discuss TWO social factors (excluding friends and social interaction) that may contribute to unemployment in South Africa amongst the youth (2 x 2) (4) 24 Advise school leavers on FOUR stress management techniques to deal with the psychological impact of unemployment (4x2) (8)

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Which of the following has the largest impact on opportunity cost

Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?