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Questions and Answers
What is the definition of a business enterprise?
What is the definition of a business enterprise?
- An enterprise is a for-profit, short-term economic activity using its own assets and labor.
- An enterprise is a for-profit, long-term economic activity using foreign assets and labor.
- An enterprise is a long-term economic activity using its own assets and labor, with the purpose of work.
- An enterprise is a for-profit, long-term economic activity using its own assets and labor. (correct)
What is the definition of a company?
What is the definition of a company?
- A legal entity that engages in for-profit, short-term economic activities.
- The operational structure of a limited liability company.
- A business entity that aims to fulfill consumer demands by any means necessary.
- The organizational framework of the business enterprise. (correct)
Which of the following areas belong to the tertiary sector?
Which of the following areas belong to the tertiary sector?
- Extractive industries, agriculture
- Construction, manufacturing
- Technology, research
- Services, trade (correct)
Is the statement true: 'A limited liability company’s liability concerning its obligations is limited'?
Is the statement true: 'A limited liability company’s liability concerning its obligations is limited'?
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Is the statement true: 'The officers of a corporation are elected by the board of directors'?
Is the statement true: 'The officers of a corporation are elected by the board of directors'?
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