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2. Which one of these is a non profit motive for becoming an entrepreneur

  • getting respect
  • Being self satisfied
  • making profit

3. A cost that change with the level of output

  • Expenditure
  • Fixed Costs
  • Variable Costs
  • Overheads

4. What is a definition of leadership

  • being able to manage employees effectively
  • the process of influencing others to work willing towards an organisation's goals
  • being able to manage a team successfully to complete a task

5. What is a margin of safety

  • where sales can increase from their current level
  • the amount by which sales can fall from their current level before reaching the break-even point
  • A margin used to keep profit safe
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