Establishing Business Enterprises: Types and Purposes
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Questions and Answers

Match the type of business enterprise with its description:

Corporations = Authorized by the state to act as a single entity Sole Proprietorships = Businesses owned and operated by a single individual Partnership = Businesses owned and operated by a group of people Job Creation = Process of generating new employment opportunities

Match the term with its definition:

Economic Growth = Increase in a country's production of goods and services over time Job Creation = Refers to generating new employment opportunities within an economy Strategic Decision-making = Careful planning and making important decisions for a business Profit Generation = Goal of creating commercial entities to make money

Match the benefit of establishing a business enterprise with its description:

Job Creation = Leads to increased demand for workers Economic Growth = Indicator of a nation's prosperity and development Profit Generation = Goal of generating profit or fulfilling a specific purpose Strategic Decision-making = Involves careful planning for business success

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