Podcast
Questions and Answers
Match the following terms with their correct definitions:
Match the following terms with their correct definitions:
Business = An organized effort of individuals to produce and sell goods and services in order to satisfy the needs of society Entrepreneur = The person who takes risk in operating a business Micro business = A small business where the owner is the principal worker and there is at least one employee or assistant Bigger small business = A small business where the owner directs the work of employees
Match the following features with their correct descriptions of a small business:
Match the following features with their correct descriptions of a small business:
Low in capital but high in labor intensity = A small business that requires more manpower than financial resources Efficient in specialized skill or service = A small business that excels in a specific area of expertise Succeeds in small, isolated or overlooked market = A small business that thrives in a niche market Often opens in unstable markets = A small business that is not afraid to take risks and enter unpredictable markets
Match the following resources with their correct association in business organization:
Match the following resources with their correct association in business organization:
Human = One of the productive resources that an entrepreneur must organize to start a business Financial = One of the productive resources that an entrepreneur must organize to start a business Materials = One of the productive resources that an entrepreneur must organize to start a business Information = One of the productive resources that an entrepreneur must organize to start a business
Match the following statements with their correct characteristics of a small business:
Match the following statements with their correct characteristics of a small business:
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Match the following terms with their correct descriptions from the text:
Match the following terms with their correct descriptions from the text:
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Study Notes
Matching Exercises
- Four matching exercises are provided to understand key concepts related to small business.
- The exercises focus on matching terms with correct definitions, features with descriptions, resources with associations, statements with characteristics, and terms with descriptions.
- These exercises help in understanding the fundamental concepts of small business.
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Description
Take this quiz to test your knowledge on entrepreneurship and small business management. Learn about the definition of business, the role of entrepreneurs, and the importance of organizing productive resources. Challenge yourself and gain insights into the world of entrepreneurship and how to create a successful small business.
