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1. What is your name?

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2. Explain in brief the difference between formal business and informal business.

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3. Define income tax?

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4. Examples of formal businesses

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5. Examples of informal businesses

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6. What are the advantages of a formal business? List three advantages.

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7. What are the disadvantages of a formal business? List three disadvantages.

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8. What are the advantages of an informal business? List two advantages.

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9. What are the disadvantages of an informal business? List two disadvantages.

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10. A group of women may start a home industry baking bread, cakes, and biscuits, which they sell directly to neighbourhood consumers.

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11. The business is more likely to supply a group of supermarkets and cafes with these goods. Consumers will buy bread, cakes, and biscuits from a supermarket instead of directly from the baker.

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12. All businesses are consumers too.

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13. We have control over natural disasters.

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14. Examples of natural disasters are:

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15. What doe the term bankrupt mean?

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16. Define epidemic.

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17. List three examples of health epidemics.

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18. Explain how a business could be affected by a health epidemic.

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19. Explain how consumers could be affected by a health epidemic.

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20. Are you a member of the Wowos Club

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21. If not a member, do you want to join the Wowos club?

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22. If you want to be a member of Wowos Club, please provide your cellphone number

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