Introduction to Establishing Business Enterprises Quiz
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Questions and Answers

Establishing a business enterprise is about creating commercial entities with the goal of generating profit or fulfilling a specific ______.

purpose

It involves careful planning and strategic ______-making.

decision

A corporation is an organization usually a group of people or a company authorized by the state to act as a single entity and recognized as such in law for certain ______.

purposes

Businesses owned and operated by a single ______.

<p>individual</p> Signup and view all the answers

Businesses owned and operated by a group of ______.

<p>people</p> Signup and view all the answers

Job creation refers to the process of generating new employment opportunities within an ______.

<p>economy</p> Signup and view all the answers

It occurs when businesses expand, new enterprises are established, or industries experience growth, leading to an increased demand for ______.

<p>workers</p> Signup and view all the answers

Economic growth refers to the increase in a country's production of goods and ______ over time.

<p>services</p> Signup and view all the answers

Economic growth is a key indicator of a nation's overall ______ and development.

<p>prosperity</p> Signup and view all the answers

THE PURPOSE OF ESTABLISHING BUSINESS ENTERPRISES: INTRODUCTION TO ESTABLISHING BUSINESS ENTERPRISES

<p>Establishing</p> Signup and view all the answers

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