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Socialism, Small Business, and Micro Enterprises Quiz
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Socialism, Small Business, and Micro Enterprises Quiz

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Questions and Answers

What is one of the socialistic ideas mentioned in the text?

  • Low Capital High Labor
  • Low Labor High Capital
  • High Capital High Labor
  • High Labor Low Capital (correct)
  • What is one of the factors that can lead to small businesses failing?

  • Poor Planning (correct)
  • Too Much Competition
  • Lack of Adequate Cash
  • Too Much Financing
  • What is one of the characteristics of micro and small enterprises in Ethiopia?

  • Use of Indigenous Raw Materials
  • Use of Local Skills and Knowledge (correct)
  • High Capital Intensive
  • Low Labor Intensity
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