Entrepreneurship Basics
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Questions and Answers

Why do entrepreneurs start their own businesses?

  • To gain freedom and flexibility (correct)
  • To take revenge on competitors
  • To expand their social network
  • To reduce their workload

    • Who are internal stakeholders in a business?

  • Employees and management (correct)
  • Government and regulatory bodies
  • Investors and creditors
  • Customers and suppliers

    • What is accountability in the workplace?

  • Meeting deadlines and targets
  • The obligation to perform a specific function
  • A task assigned to a job
  • Taking responsibility for tasks and being answerable for the results (correct)

    • Why are timely health insurance payments important?

    <p>To keep employee benefits</p> Signup and view all the answers

    What should employers provide to employees?

    <p>Fair pay, benefits, and a safe and comfortable workplace</p> Signup and view all the answers

    What is essential for entrepreneurs to follow to run their businesses?

    <p>Environmental legislation</p> Signup and view all the answers

    Why should entrepreneurs share accurate and current details about their business and finances?

    <p>To help shareholders and creditors make informed decisions</p> Signup and view all the answers

    What is important for entrepreneurs to consider when dealing with suppliers?

    <p>Practicing fairness and honesty</p> Signup and view all the answers

    Why should entrepreneurs give back to their community?

    <p>Because the community provides public infrastructures and facilities</p> Signup and view all the answers

    What refers to the fair treatment of employees and customers?

    <p>Basic fairness</p> Signup and view all the answers

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