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Questions and Answers
What is an entrepreneur?
What is an entrepreneur?
- Someone who starts a business with the intention of helping others
- Someone who starts a business with the intention of avoiding risk
- Someone who starts a business with the intention of gaining popularity
- Someone who starts a business with the intention of making a profit (correct)
What is the role of an entrepreneur in the production process?
What is the role of an entrepreneur in the production process?
- Coordinate the activities of employees
- Decide what, how, by whom and for whom products and services should be produced (correct)
- Manage the financial resources of the business
- Perform specific activities that contribute to the production process
What is one of the main production factors that entrepreneurs mobilize?
What is one of the main production factors that entrepreneurs mobilize?
- Technology
- Raw materials
- Capital
- Labour (correct)
What is the purpose of a feasibility study for an entrepreneur?
What is the purpose of a feasibility study for an entrepreneur?
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Which of the following is NOT a key consideration when choosing a form of business?
Which of the following is NOT a key consideration when choosing a form of business?
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Which form of enterprise is characterized by limited liability?
Which form of enterprise is characterized by limited liability?
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What is the most common form of enterprise found in South Africa?
What is the most common form of enterprise found in South Africa?
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Which of the following is NOT one of the eight most important components of a business plan?
Which of the following is NOT one of the eight most important components of a business plan?
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What is the purpose of compliance with legal formalities and regulations when choosing a form of business?
What is the purpose of compliance with legal formalities and regulations when choosing a form of business?
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