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Questions and Answers
Why is non-profit business activity needed?
Why is non-profit business activity needed?
- To generate interest on operational activities
- To provide goods and services that cannot be adequately provided by for-profit enterprises (correct)
- To expand the business into new markets
- To maximize total sales over a specific time period
What is the main purpose of a limited company's business operations?
What is the main purpose of a limited company's business operations?
- To expand the business into new markets
- To increase the percentage of sales that goes to profit (correct)
- To generate interest on operational activities
- To maximize total sales over a specific time period
What is the purpose of a social enterprise?
What is the purpose of a social enterprise?
- To generate interest on operational activities
- To maximize total sales over a specific time period
- To raise money for a specific cause (correct)
- To expand the business into new markets
How do a business's objectives typically change over time?
How do a business's objectives typically change over time?
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What is a potential reason for a business to share its profits?
What is a potential reason for a business to share its profits?
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What is a key challenge that can arise for a limited company's business operations?
What is a key challenge that can arise for a limited company's business operations?
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What is the key role of a company director in regards to MILDLINED in business?
What is the key role of a company director in regards to MILDLINED in business?
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Which of the following is NOT listed as a potential disadvantage of business growth?
Which of the following is NOT listed as a potential disadvantage of business growth?
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What is the primary purpose of business objectives?
What is the primary purpose of business objectives?
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Which of the following is NOT a type of business ownership mentioned in the text?
Which of the following is NOT a type of business ownership mentioned in the text?
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What is the primary financial objective of a business according to the text?
What is the primary financial objective of a business according to the text?
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