12 Questions
What is the primary goal for business owners when they invest their own money to create a new business?
To earn adequate profits as a reward for their efforts
Which of the following is NOT considered a key stakeholder in a business?
Regulators
What is the primary role of business creditors in relation to the company?
To expect repayment of loans or services provided on credit within an agreed timeframe
How do employees contribute to the success and functionality of a business?
By executing company objectives, delivering products/services, and maintaining productivity
What is the primary contribution of suppliers to a business?
Providing goods or services necessary for the business's operations
Which aspect of the business environment does NOT require constant monitoring by entrepreneurs and managers?
Regulatory environment
What is the primary goal of a business?
To serve the needs of consumers and make profits
Which of the following is NOT considered a factor of production?
Advertising
Which of the following is an example of a natural resource?
Coal deposits
What is the role of entrepreneurship in a business?
Identifying business opportunities and taking risks
What is the primary source of capital for a business?
Investments from owners or shareholders
Which of the following is NOT a characteristic of human resources?
Ownership of machinery and equipment
Test your knowledge on the goals of a business and why businesses are established. Learn about the main motives behind starting a business and how businesses aim to serve the needs of consumers while seeking profits.
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