Podcast
Questions and Answers
What did 'global' mean at the end of the nineteenth century?
What did 'global' mean at the end of the nineteenth century?
- Defining the ability to communicate
- The whole world (correct)
- Spherical
- Revolution in communications
What is the definition of globalization according to the text?
What is the definition of globalization according to the text?
- The ability to communicate and publish globally
- Represented by the huge development of transport and communications
- Wide range of relationships between people in many areas from different parts of the world (correct)
- Increasing economic freedom and trade exchange among employers around the world
What are the factors of increasing globalization mentioned in the text?
What are the factors of increasing globalization mentioned in the text?
- Cultural exchange and development of transport
- Revolution in communications and information control
- Economic freedom and trade exchange
- Increase and expansion of technology (correct)
What does social and cultural globalization represent according to the text?
What does social and cultural globalization represent according to the text?
What does economic globalization aim to achieve according to the text?
What does economic globalization aim to achieve according to the text?
An entrepreneur is a person who forms and operates a business.
An entrepreneur is a person who forms and operates a business.
Most businesses started by entrepreneurs are large organizations.
Most businesses started by entrepreneurs are large organizations.
The legal form in which a business operates does not affect the ease and cost of formation.
The legal form in which a business operates does not affect the ease and cost of formation.
A limited liability company provides financial responsibility for only the amount of money the owners have put into the business.
A limited liability company provides financial responsibility for only the amount of money the owners have put into the business.
A sole proprietorship allows for unlimited liabilities for the business owners.
A sole proprietorship allows for unlimited liabilities for the business owners.
Which legal form of business organization provides financial responsibility for only the amount of money the owners have put into the business?
Which legal form of business organization provides financial responsibility for only the amount of money the owners have put into the business?
What is the major factor influencing the decision on the legal form of business organization?
What is the major factor influencing the decision on the legal form of business organization?
Which form of business organization allows a person to start a business by him- or herself or cofound a business with others?
Which form of business organization allows a person to start a business by him- or herself or cofound a business with others?
Which legal form of business organization allows for unlimited liabilities for the business owners?
Which legal form of business organization allows for unlimited liabilities for the business owners?
What type of businesses are most commonly started by entrepreneurs, according to the text?
What type of businesses are most commonly started by entrepreneurs, according to the text?
