GSM Phone Maintenance and Repair Paper 2, WASSCE (SC), 2017

Question 8

a)Define start-up capital.

b) List four sources of capital required for establishing a mobile phone repair workshop.

Candidates seem comfortable with this question as most of them attempted and scored maximum mark.

 

Observation

The expected answers are:

a. Start up capital is the fund/ money required to establish a new business

b Four sources of Capital

Any correct 2

- personal savings

- donation from friends, relatives and other donor agencies

- mutual funds

- government grants

- partnership

- equity offerings

- loan from banks or other financial institutions