Entrepreneurship Basics

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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?

To keep employee benefits Signup and view all the answers

What should employers provide to employees?

Fair pay, benefits, and a safe and comfortable workplace Signup and view all the answers

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

Environmental legislation Signup and view all the answers

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

To help shareholders and creditors make informed decisions Signup and view all the answers

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

Practicing fairness and honesty Signup and view all the answers

Why should entrepreneurs give back to their community?

Because the community provides public infrastructures and facilities Signup and view all the answers

What refers to the fair treatment of employees and customers?

Basic fairness Signup and view all the answers

Entrepreneurship Basics

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Questions and Answers

Why do entrepreneurs start their own businesses?

Who are internal stakeholders in a business?

What is accountability in the workplace?

Why are timely health insurance payments important?

What should employers provide to employees?

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

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

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

Why should entrepreneurs give back to their community?

What refers to the fair treatment of employees and customers?

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