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Entrepreneurship Motives and Stakeholders

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Entrepreneurship Motives and Stakeholders

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Questions and Answers

What is a primary motivator for entrepreneurs to start their own businesses?

To work long hours

To fulfill a social responsibility

To gain freedom and flexibility in running a company (correct)

To make a lot of money quickly

What is the key difference between internal and external stakeholders?

Internal stakeholders are more interested in the business

Internal stakeholders are not affected by the business

External stakeholders are more powerful

Internal stakeholders are directly involved in company operations (correct)

What is accountability in the workplace?

The ability to take responsibility for the tasks assigned

The power to make decisions without consulting others

An obligation to take responsibility for the tasks assigned and be answerable for the results (correct)

The obligation to perform a specific function assigned to a job

What is one of the benefits that employees should receive from their employers?

Sick leave and vacation time Signup and view all the answers

Why is it important for employers to provide a safe and comfortable workplace?

To comply with government regulations Signup and view all the answers

What is the importance of regular health and safety training and facility checks?

To ensure a safe and healthy work environment Signup and view all the answers

What is an essential aspect of customer relationships according to the text?

Quality of products and services Signup and view all the answers

Why should businesses follow environmental regulations?

To obey laws and avoid disturbances Signup and view all the answers

What is a key consideration for entrepreneurs when dealing with suppliers?

Practicing fairness and honesty Signup and view all the answers

Why should businesses share accurate financial information with shareholders and creditors?

To maintain transparency and build trust Signup and view all the answers

What is the purpose of government permits and licenses for businesses?

To ensure legal operation and avoid breaking rules Signup and view all the answers

What is an important aspect of a company's social responsibility?

Giving back to the community Signup and view all the answers