12 Questions
What is a primary motivator for entrepreneurs to start their own businesses?
To gain freedom and flexibility in running a company
What is the key difference between internal and external stakeholders?
Internal stakeholders are directly involved in company operations
What is accountability in the workplace?
An obligation to take responsibility for the tasks assigned and be answerable for the results
What is one of the benefits that employees should receive from their employers?
Sick leave and vacation time
Why is it important for employers to provide a safe and comfortable workplace?
To comply with government regulations
What is the importance of regular health and safety training and facility checks?
To ensure a safe and healthy work environment
What is an essential aspect of customer relationships according to the text?
Quality of products and services
Why should businesses follow environmental regulations?
To obey laws and avoid disturbances
What is a key consideration for entrepreneurs when dealing with suppliers?
Practicing fairness and honesty
Why should businesses share accurate financial information with shareholders and creditors?
To maintain transparency and build trust
What is the purpose of government permits and licenses for businesses?
To ensure legal operation and avoid breaking rules
What is an important aspect of a company's social responsibility?
Giving back to the community
Discover the various motives behind entrepreneurship, from personal achievement to family legacy, and understand the responsibilities and stakeholders involved in running a business. Learn about the key aspects of entrepreneurship and how they impact a business entity.
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