$2\mathrm{.}1$ Identify and briefly discuss five $(5)$ most common hurdles one can face when securing finance

for a business project. $(5)$

$2\mathrm{.}2$ It is important to note that both the payback method $($PM$)$ and the accounting rate of return

$($ARR$)$ are useful analytical tools in certain situations, particularly when used in conjunction with

other evaluative techniques. What are the advantages of the ARR method over the payback

period method? $(5)$

$2\mathrm{.}3$ Businesses in South Africa are exposed to cost volatility on many raw material inputs,

primarily because of the fluctuating exchange rates. Currencies also have an impact on product

exports. All in all, the operating environment for companies in this sector is a challenging one.

List at least five $(5)$ manufacturing industry categories in which engineers are involved and

provide a short description each product range.