MNE2602 ASSESSMENT2 ANSWERS

MNS2601 ASSESSMENT 2 ANSWERS


The successful exploitation of new and valuable ideas is called …
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innovation

Question 2
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When speaking of …, individuals are responsible for clarifying meaning in any ambiguous
situation that may arise.
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ethics

Question 3
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Reducing poverty by helping people develop the skills to earn their own livelihoods is an
example of … sustainability.
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social

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One of the advantages of buying an existing business is …
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buying immediate turnover and income.

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Entrepreneurial financial … constitutes all sources of finance through
which entrepreneurs can raise funds without any reliance on institutional or market
sources.
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bootstrapping

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The main purpose of … funding is to provide the entrepreneur with sufficient cash to link
the time gap between running out of earlier raised capital and the closing of a round of
new funding for the company.
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