5 Questions
What is the definition of a business enterprise?
An enterprise is a for-profit, long-term economic activity using its own assets and labor.
What is the definition of a company?
The organizational framework of the business enterprise.
Which of the following areas belong to the tertiary sector?
Services, trade
Is the statement true: 'A limited liability company’s liability concerning its obligations is limited'?
Yes
Is the statement true: 'The officers of a corporation are elected by the board of directors'?
Yes
Test your knowledge of business enterprise with this quiz! Explore the definition of a business enterprise and assess your understanding of its key characteristics. Choose the correct answer and enhance your understanding of this fundamental aspect of economic activity.
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