Business Quiz 2

The Reserve Bank of Zimbabwe began to release Zimbabwean bond coins in December 2014

Tawanda Mutyebere is the founder of Packers International which comprises of Chicken slice, Creamy Slice, Pizza Slice and Slice Express

Econet Wireless is not part of Ecocash Holdings Zimbabwe

Kombo Moyana was RBZ governor from 1983- 1993.

Simba Makoni served as finance minister from 2000-2002.

A business plan is an essential tool that enables entrepreneurs to focus on the specific steps necessary to make their business succeed. It also helps one to achieve both their short-term and long-term objectives.

Comparative advantage is an economic term that refers to an economy’s ability to produce goods and services at a lower opportunity cost than that of trade partners.

Opportunity cost is a benefit missed when an investor, individual or business chooses one alternative over another

The break-even point (BEP) represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required to cover total costs, consisting of both fixed and variable costs to the company. It is the point at which total cost and total revenue are equal, i.e. “even”. There is no net loss or gain. Total profit at the break-even point is zero.

Taxation is a means by which government finance their expenditure by imposing charges on citizens and corporate entities.