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Questions and Answers
What are the twin essentials of business according to the text?
What are the twin essentials of business according to the text?
- Innovation and Sustainability
- Responsibility and Obligation
- Efficiency and Effectiveness
- Profitability and Accountability (correct)
What is defined as a business unit where the manager is also the owner?
What is defined as a business unit where the manager is also the owner?
- Partnership
- Sole Proprietorship (correct)
- Cooperative
- Corporation
Who are considered the owners of a non-stock corporation?
Who are considered the owners of a non-stock corporation?
- Stock Holders
- Members (correct)
- Directors
- Managers
What does the term 'ethics' refer to?
What does the term 'ethics' refer to?
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What does 'morality' refer to?
What does 'morality' refer to?
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Which act promulgated in 1960 is known as 'An Act to Ordain a Cooperative Code of the Philippines'?
Which act promulgated in 1960 is known as 'An Act to Ordain a Cooperative Code of the Philippines'?
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What does an entrepreneur do?
What does an entrepreneur do?
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How is a capitalist typically portrayed?
How is a capitalist typically portrayed?
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Milton Friedman gained fame for advocating what idea?
Milton Friedman gained fame for advocating what idea?
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True-blooded entrepreneurs differ from regular business persons in that they:
True-blooded entrepreneurs differ from regular business persons in that they:
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Paul F. Camenisch published an essay on:
Paul F. Camenisch published an essay on:
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Henry Ford is famous for being:
Henry Ford is famous for being:
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