Part B

Small and medium-sized entities (SMEs) can often face difficulties since investing in an SME is inherently more risky than investing in a larger company.

a) State and explain where necessary any three (3) general problems the Small and mediumsized entities (SMEs). (3 Marks)

b) Differentiate between Capital and Money Markets Primary and Secondary Market (4 Marks)

Part C

Comment on the following concepts relating them to the business entities namely sole traders partnerships and companies.

i. Legal personality

ii. Limited liability (4 Marks)