Podcast
Questions and Answers
An entrepreneur creates a new business by avoiding all risks and uncertainties.
An entrepreneur creates a new business by avoiding all risks and uncertainties.
False
Management is primarily about making decisions.
Management is primarily about making decisions.
True
The functions of an organization include capital, human resources, and politics.
The functions of an organization include capital, human resources, and politics.
False
Studying business helps in understanding business activities and profitability.
Studying business helps in understanding business activities and profitability.
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Entrepreneurs are characterized by good thinking, desire for responsibility, and low energy levels.
Entrepreneurs are characterized by good thinking, desire for responsibility, and low energy levels.
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Small businesses contribute significantly to the global economy.
Small businesses contribute significantly to the global economy.
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Marketing is responsible for recruiting, hiring, training, developing, and supporting employees.
Marketing is responsible for recruiting, hiring, training, developing, and supporting employees.
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Standard of living is a measure of how well a person or family is doing in terms of satisfying needs and wants with goods and services.
Standard of living is a measure of how well a person or family is doing in terms of satisfying needs and wants with goods and services.
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Finance and accounting in a business are responsible for ensuring that the company has the funds it needs to operate.
Finance and accounting in a business are responsible for ensuring that the company has the funds it needs to operate.
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Management is primarily focused on determining what products customers want and planning and developing those products.
Management is primarily focused on determining what products customers want and planning and developing those products.
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Service is an example of a tangible product.
Service is an example of a tangible product.
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Marketing is mainly about coordinating employee actions and organizing people for efficiency.
Marketing is mainly about coordinating employee actions and organizing people for efficiency.
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