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Unformatted text preview:minus current liabilities 1.2.4 A reduction in value of an asset over time due to wear and tear 1.2.5 Assets purchased for long-term use to enable the owner to carry on with business operations 1.2.6 Costs that do not change with an increase or decrease in the amount of goods or services produced or sold 1.2.7 The money you borrow to run your business (7 × 2) (14) 1.3 1.3.1 The development of natural resources 1.3.2 The creation of employment opportunities 1.3.3 An increase in production 1.3.4 A free-market system is dependent on the entrepreneur. 1.3.5 Tax payment (5 × 2) (10) MARKING GUIDELINE -3- ENTREPRENEURSHIP AND BUSINESS MANAGEMENT N4 (First Paper) Copyright reserved 1.4 1.4.1 To identify business opportunities 1.4.2 To obtain updated information (Any 2 × 2) (4) TOTAL SECTION A: 50