11 Questions
Why is non-profit business activity needed?
To provide goods and services that cannot be adequately provided by for-profit enterprises
What is the main purpose of a limited company's business operations?
To increase the percentage of sales that goes to profit
What is the purpose of a social enterprise?
To raise money for a specific cause
How do a business's objectives typically change over time?
They become more specific, measurable, achievable, realistic, and time-bound
What is a potential reason for a business to share its profits?
To attract and retain talented employees
What is a key challenge that can arise for a limited company's business operations?
Difficulty in raising capital
What is the key role of a company director in regards to MILDLINED in business?
Providing key funding sources
Which of the following is NOT listed as a potential disadvantage of business growth?
Franchise pre-employees
What is the primary purpose of business objectives?
To set goals for the business
Which of the following is NOT a type of business ownership mentioned in the text?
Owned by a cooperative
What is the primary financial objective of a business according to the text?
Maximizing profit
Test your knowledge on business roles and responsibilities by identifying the key role of MILDLINED among various options. Understand the importance of roles such as accountant, entrepreneur, company director, and marketing manager within different business settings.
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