Podcast
Questions and Answers
What is the primary goal for business owners when they invest their own money to create a new business?
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 (correct)
- To gain control and decision-making power over the company
- To contribute to the overall economic growth of the region
- To provide employment opportunities for the local community
Which of the following is NOT considered a key stakeholder in a business?
Which of the following is NOT considered a key stakeholder in a business?
- Creditors
- Employees
- Suppliers
- Regulators (correct)
What is the primary role of business creditors in relation to the company?
What is the primary role of business creditors in relation to the company?
- To purchase the goods or services offered by the company
- To ensure the availability of necessary resources and materials for production
- To provide strategic guidance and oversight
- To expect repayment of loans or services provided on credit within an agreed timeframe (correct)
How do employees contribute to the success and functionality of a business?
How do employees contribute to the success and functionality of a business?
What is the primary contribution of suppliers to a business?
What is the primary contribution of suppliers to a business?
Which aspect of the business environment does NOT require constant monitoring by entrepreneurs and managers?
Which aspect of the business environment does NOT require constant monitoring by entrepreneurs and managers?
What is the primary goal of a business?
What is the primary goal of a business?
Which of the following is NOT considered a factor of production?
Which of the following is NOT considered a factor of production?
Which of the following is an example of a natural resource?
Which of the following is an example of a natural resource?
What is the role of entrepreneurship in a business?
What is the role of entrepreneurship in a business?
What is the primary source of capital for a business?
What is the primary source of capital for a business?
Which of the following is NOT a characteristic of human resources?
Which of the following is NOT a characteristic of human resources?
