Business Activities Chapter 3
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Questions and Answers

What are the three basic principles of conducting business activities?

  • Innovation, marketing strategies, and customer satisfaction
  • Profit maximization, employee treatment, and environmental sustainability
  • Fair competition, observance of good practices, respect for human rights (correct)
  • Cost cutting, market domination, and strategic positioning

    • The startup allowance can be used by any entrepreneur regardless of their business history.

    False

    What does 'non-registered activity' refer to?

    Activity of a natural person with income below 75% of the minimum wage, if in the last 60 months they had not run a business.

    Transactions exceeding ______ PLN must be carried out through a bank account.

    <p>15,000</p> Signup and view all the answers

    Match the legal terms with their definitions:

    <p>Art. 3 = Economic activity defined as a profitable activity conducted continuously Art. 5 = Definition of non-registered activity Art. 9 = Basic principles of conducting business activities Art. 18 = Conditions for using startup allowance</p> Signup and view all the answers

    Study Notes

    • Legal Explanations and Interpretations:

      • Individuals can seek clarification and interpretation of laws (Article 33-35).

    • Business Information Point:

      • A central location for business information and support (Article 36).

    Questions

    • Definition of Business Activity:

      • How is business activity defined in the law?

    • Non-Registered Business Activity:

      • What does "non-registered business activity" mean?

    • Fundamental Principles of Business Operation:

      • What are the three key principles of running a business?

    • Startup Relief Eligibility:

      • When can a business owner claim a startup relief?

    • Bank Account Transactions:

      • Which transactions must be processed through a bank account?

    • Product Labeling for Polish Market:

      • What information should be displayed on products entering the Polish market?

    • Role of Small and Medium-Sized Enterprise Representative:

      • What is the role of the Small and Medium-Sized Enterprise Representative?

    • Purpose of the Business Information Point:

      • What is the purpose of the Business Information Point?

    • Document Submission Requirement:

      • Can administrative bodies request original documents?

    • Principle of Legal Permissibility:

      • What does the principle "what is not prohibited is permitted" mean?

    Answers

    • Business Definition:

      • Organized profit-making activity conducted personally and continuously (Article 3).

    • Individual Business Activities:

      • Individual's business activity with income below 75% of the minimum wage, if no other business activity for at least 60 months (Article 5).

    • Business Principles:

      • Fair competition, good conduct, and respect for human rights (Article 9).

    • Startup Period:

      • When a business begins for the first time, or at least after a 60-month break (Article 18).

    • High-Value Transactions:

      • Transactions exceeding 15,000 zł when involving another business (Article 19).

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    Description

    Explore key concepts related to business activities as outlined in Chapter 3. This quiz covers definitions of business activities, principles of operation, and legal frameworks for startups and transactions. Test your knowledge on essential regulations and practices for businesses.

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